During the past 12 months, Tortoise Midstream Energy Fund,'s average Book Value per Share Growth Rate was -3.60% per year.
During the past 3 years, the average Book Value per Share Growth Rate was 18.60% per year.
During the past 5 years, the average Book Value per Share Growth Rate was -21.30% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.
During the past 7 years, the highest 3-Year average Book Value per Share Growth Rate of Tortoise Midstream Energy Fund, was 18.60% per year. The lowest was -45.70% per year. And the median was -31.30% per year.
Competitive Comparison of Tortoise Midstream Energy Fund,'s 3-Year Book Growth Rate
For the Asset Management subindustry, Tortoise Midstream Energy Fund,'s 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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.
Tortoise Midstream Energy Fund,'s 3-Year Book Growth Rate Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Tortoise Midstream Energy Fund,'s 3-Year Book Growth Rate distribution charts can be found below:
* The bar in red indicates where Tortoise Midstream Energy Fund,'s 3-Year Book Growth Rate falls into.
Tortoise Midstream Energy Fund, 3-Year Book Growth Rate Calculation
This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.
Tortoise Midstream Energy Fund, (NYSE:NTG) 3-Year Book Growth Rate Explanation
Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.
Tortoise Midstream Energy Fund, 3-Year Book Growth Rate Related Terms
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Tortoise Midstream Energy Fund, (Tortoise Midstream Energy Fund,) Business Description
Tortoise Midstream Energy Fund, Inc. is an investment management firm specializing in listed energy investments. It invests in assets and services that serve essential needs in society and can also serve essential client needs, such as diversification and income. Its investment vehicles include closed-end funds, open-end funds, private funds, exchange-traded funds, and insurance portfolio. The company has expertise in energy, credit, direct lending, and sustainable infrastructure.
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