First Trust New Opportunities MLP & Energy Fund (First Trust New Opportunities MLP & Energy Fund) Book Value per Share : $7.24 (As of Oct. 2023)

First Trust New Opportunities MLP & Energy Fund Book Value per Share Chart

First Trust New Opportunities MLP & Energy Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Book Value per Share	Get a 7-Day Free Trial								6.44	7.05	7.11	7.12	7.24

Competitive Comparison of First Trust New Opportunities MLP & Energy Fund's Book Value per Share

For the Asset Management subindustry, First Trust New Opportunities MLP & Energy Fund's PB Ratio, along with its competitors' market caps and PB Ratio 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.

First Trust New Opportunities MLP & Energy Fund's PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Trust New Opportunities MLP & Energy Fund's PB Ratio distribution charts can be found below:

* The bar in red indicates where First Trust New Opportunities MLP & Energy Fund's PB Ratio falls into.

First Trust New Opportunities MLP & Energy Fund Book Value per Share Calculation

First Trust New Opportunities MLP & Energy Fund's Book Value Per Share for the fiscal year that ended in Oct. 2023 is calculated as:

First Trust New Opportunities MLP & Energy Fund's Book Value Per Share for the quarter that ended in Oct. 2023 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 Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

First Trust New Opportunities MLP & Energy Fund  (NYSE:FPL) Book Value 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.

First Trust New Opportunities MLP & Energy Fund Book Value per Share Related Terms

Thank you for viewing the detailed overview of First Trust New Opportunities MLP & Energy Fund's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.

First Trust New Opportunities MLP & Energy Fund (First Trust New Opportunities MLP & Energy Fund) Business Description