The historical rank and industry rank for Highland Global Allocation Fund's EV-to-FCF or its related term are showing as below:
HGLB'
s EV-to-FCF Range Over the Past 10 Years
Min: -14.2 Med: 3.48 Max: 13.18
Current: 11.32
During the past 5 years, the highest EV-to-FCF of Highland Global Allocation Fund was 13.18. The lowest was -14.20. And the median was 3.48.
HGLB's EV-to-FCF is ranked better than 57.7% of 1059
companies
in the Asset Management industry
Industry Median: 13.68
vs HGLB: 11.32
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
* 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.
Competitive Comparison of Highland Global Allocation Fund's EV-to-FCF
For the Asset Management subindustry, Highland Global Allocation Fund's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
Highland Global Allocation Fund's EV-to-FCF Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Highland Global Allocation Fund's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Highland Global Allocation Fund's EV-to-FCF falls into.
Highland Global Allocation Fund EV-to-FCF Calculation
Highland Global Allocation Fund's current Enterprise Value is $166.22 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Highland Global Allocation Fund's Free Cash Flow for the trailing twelve months (TTM) ended in Sep. 2023 was $14.57 Mil.
* 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.
Highland Global Allocation Fund (NYSE:HGLB) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
Highland Global Allocation Fund's PE Ratio for today is calculated as:
Highland Global Allocation Fund's share price for today is $7.50.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Highland Global Allocation Fund's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2023 was $0.720.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Highland Global Allocation Fund EV-to-FCF Related Terms
Thank you for viewing the detailed overview of Highland Global Allocation Fund's EV-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Highland Global Allocation Fund (Highland Global Allocation Fund) Business Description
Highland Global Allocation Fund is a diversified, closed-end management investment company. The investment objective of the Fund is to seek long-term growth of capital and future income. The Fund seeks to achieve its investment objectives by investing in a portfolio of U.S. and foreign equity, debt, and money market securities. It may also invest in senior loans to domestic or foreign corporations, partnerships, and other entities that operate in a variety of industries and geographic regions.
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