NCZ (Virtus Convertible &ome Fund II) Tangible Book per Share : $3.31 (As of Jul. 2024)

Virtus Convertible &ome Fund II Tangible Book per Share Chart

Virtus Convertible &ome Fund II Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Jul22	Jan23	Jul23	Jan24	Jul24
Tangible Book per Share	Get a 7-Day Free Trial									3.85	3.63	3.54	3.27	3.31

Competitive Comparison of Virtus Convertible &ome Fund II's Tangible Book per Share

For the Asset Management subindustry, Virtus Convertible &ome Fund II's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Virtus Convertible &ome Fund II's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Convertible &ome Fund II's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Virtus Convertible &ome Fund II's Price-to-Tangible-Book falls into.

Virtus Convertible &ome Fund II Tangible Book per Share Calculation

Virtus Convertible &ome Fund II's Tangible Book Value Per Share for the fiscal year that ended in Jan. 2024 is calculated as

Virtus Convertible &ome Fund II's Tangible Book Value Per Share for the quarter that ended in Jul. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.

Virtus Convertible &ome Fund II  (NYSE:NCZ) Tangible Book per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Virtus Convertible &ome Fund II Tangible Book per Share Related Terms

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Virtus Convertible &ome Fund II Business Description