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Priorityome Fund, (Priorityome Fund,) Tangible Book per Share : $10.60 (As of Jun. 2023)


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What is Priorityome Fund, Tangible Book per Share?

Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. Priorityome Fund,'s tangible book value per share for the quarter that ended in Jun. 2023 was $10.60.

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.


Priorityome Fund, Tangible Book per Share Historical Data

The historical data trend for Priorityome Fund,'s Tangible Book per Share can be seen below:

* 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.

* Premium members only.

Priorityome Fund, Tangible Book per Share Chart

Priorityome Fund, Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Tangible Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.02 10.80 12.92 13.17 10.60

Priorityome Fund, Semi-Annual Data
Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Tangible Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 13.02 10.80 12.92 13.17 10.60

Competitive Comparison of Priorityome Fund,'s Tangible Book per Share

For the Asset Management subindustry, Priorityome Fund,'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.


Priorityome Fund,'s Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where Priorityome Fund,'s Price-to-Tangible-Book falls into.



Priorityome Fund, Tangible Book per Share Calculation

Priorityome Fund,'s Tangible Book Value Per Share for the fiscal year that ended in Jun. 2023 is calculated as

Tangible Book Value per Share=(Total Stockholders Equity-Preferred Stock-Intangible Assets)/Shares Outstanding (EOP)
=(609.387-38.415-0)/53.8878
=10.60

Priorityome Fund,'s Tangible Book Value Per Share for the quarter that ended in Jun. 2023 is calculated as

Tangible Book Value per Share=(Total Stockholders Equity-Preferred Stock-Intangible Assets)/Shares Outstanding (EOP)
=(609.387-38.415-0)/53.8878
=10.60

* 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.


Priorityome Fund,  (GREY:PRIF) 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.


Priorityome Fund, Tangible Book per Share Related Terms

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Priorityome Fund, (Priorityome Fund,) Business Description

Traded in Other Exchanges
Address
10 East 40th Street, 42nd Floor, New York, NY, USA, 10016
Priority Income Fund, Inc. is an externally managed, nondiversified, closed-end management investment company. Its investment objective is to generate current income, and as a secondary objective, long-term capital appreciation. The company invests in broad pools of senior secured, floating rate loans made primarily to U.S. companies. Its goal is to increase income and portfolio diversification and reduce correlation to traditional fixed-income assets.

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