Canoe EITome Fund (TSX:EIT.UN) 3-Year Book Growth Rate : 9.40% (As of Dec. 2023)

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What is Canoe EITome Fund 3-Year Book Growth Rate?

Canoe EITome Fund's Book Value per Share for the quarter that ended in Dec. 2023 was C$13.15.

During the past 12 months, Canoe EITome Fund's average Book Value per Share Growth Rate was -3.90% per year. During the past 3 years, the average Book Value per Share Growth Rate was 9.40% per year. During the past 5 years, the average Book Value per Share Growth Rate was 6.20% per year. During the past 10 years, the average Book Value per Share Growth Rate was -0.90% 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 13 years, the highest 3-Year average Book Value per Share Growth Rate of Canoe EITome Fund was 16.50% per year. The lowest was -24.70% per year. And the median was -2.65% per year.

Competitive Comparison of Canoe EITome Fund's 3-Year Book Growth Rate

For the Asset Management subindustry, Canoe EITome 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.

Canoe EITome Fund's 3-Year Book Growth Rate Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Canoe EITome Fund's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Canoe EITome Fund's 3-Year Book Growth Rate falls into.

Canoe EITome 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.

Canoe EITome Fund (TSX:EIT.UN) 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.

Canoe EITome Fund 3-Year Book Growth Rate Related Terms

Thank you for viewing the detailed overview of Canoe EITome Fund's 3-Year Book Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.

Canoe EITome Fund (TSX:EIT.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canoe EIT Income Fund (TSX:EIT.UN) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

ENDTF:USA EIT.PR.B.PFD:Canada EIT.PR.A.PFD:Canada

Address

421 - 7th Avenue SW, Suite 2750, Calgary, AB, CAN, T2P 4K9

Website

https://www.canoefinancial.com

Canoe EIT Income Fund is a Canadian closed-end investment trust. The investment objective of the Fund is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified portfolio. The company invests in various sectors, of which Financials, Energy, Healthcare, etc.

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