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Net Cash per Share is calculated as Balance Sheet Cash And Cash Equivalents plus Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). Pioneer Muni Highome Advantage Tr's Net Cash per Share for the quarter that ended in Sep. 2023 was $-5.86.
The historical rank and industry rank for Pioneer Muni Highome Advantage Tr's Net Cash per Share or its related term are showing as below:
During the past 6 years, the highest Price-to-Net-Cash Ratio of Pioneer Muni Highome Advantage Tr was 536.00. The lowest was 536.00. And the median was 536.00.
The historical data trend for Pioneer Muni Highome Advantage Tr's Net Cash 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.
Pioneer Muni Highome Advantage Tr Annual Data | |||||||||||||||
Trend | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||
Net Cash per Share | Get a 7-Day Free Trial | -0.06 | -6.20 | -7.57 | -7.63 | -5.89 |
Pioneer Muni Highome Advantage Tr Semi-Annual Data | |||||||||||||
Sep17 | Mar18 | Sep18 | Mar19 | Sep19 | Mar20 | Sep20 | Mar21 | Sep21 | Mar22 | Sep22 | Mar23 | Sep23 | |
Net Cash per Share | Get a 7-Day Free Trial | -7.57 | -7.63 | -6.89 | -5.89 | -5.86 |
For the Asset Management subindustry, Pioneer Muni Highome Advantage Tr's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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.
For the Asset Management industry and Financial Services sector, Pioneer Muni Highome Advantage Tr's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Pioneer Muni Highome Advantage Tr's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Pioneer Muni Highome Advantage Tr's Net Cash per Share for the fiscal year that ended in Mar. 2023 is calculated as
Net Cash per Share (A: Mar. 2023 ) | |||||||||
= | (Balance Sheet Cash And Cash Equivalents | + | Marketable Securities | - | Total Liabilities | - | Minority Interest) | / | Shares Outstanding (EOP) |
= | (0.291 | + | 0 | - | 141.04 | - | 0) | / | 23.9144 |
= | -5.89 |
Pioneer Muni Highome Advantage Tr's Net Cash per Share for the quarter that ended in Sep. 2023 is calculated as
Net Cash per Share (Q: Sep. 2023 ) | = | (Balance Sheet Cash And Cash Equivalents | + | Marketable Securities | - | Total Liabilities | - | Minority Interest) | / | Shares Outstanding (EOP) |
= | (0 | + | 0 | - | 140.25 | - | 0) | / | 23.9144 |
= | -5.86 |
* 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.
Pioneer Muni Highome Advantage Tr (NYSE:MAV) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Thank you for viewing the detailed overview of Pioneer Muni Highome Advantage Tr's Net Cash per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Yana Karalnik | officer: CHIEF COMPLIANCE OFFICER | 60 STATE STREET, BOSTON MA 02109 |
Banc Of America Preferred Funding Corp | 10 percent owner | 214 NORTH TRYON STREET, CHARLOTTE NC 28255 |
Michael Melnick | officer: Assistant Treasurer | 60 STATE STREET, BOSTON MA 02109 |
Koenig Anthony J Jr | officer: Treasurer | 60 STATE STREET, BOSTON MA 02109 |
Diane Durnin | other: Trustee | 60 STATE STREET, BOSTON MA 02109 |
Baumgardner John E Jr. | other: Trustee | 60 STATE STREET, BOSTON MA 02109 |
Mark Edward Bradley | officer: Treasurer | 60 STATE STREET, BOSTON MA 02109 |
John Michael Malone | officer: Chief Compliance Officer | 60 STATE STREET, BOSTON MA 02019 |
Group Ag Ubs | 10 percent owner | BAHNHOFSTRASSE 45, ZURICH V8 CH-8001 |
Wells Fargo Municipal Capital Strategies, Llc | 10 percent owner | 375 PARK AVENUE, NEW YORK NY 10152 |
Wfc Holdings Corp | 10 percent owner | 420 MONTGOMERY STREET, SAN FRANCISCO CA 94104 |
Wells Fargo & Company/mn | 10 percent owner | 420 MONTGOMERY STREET, SAN FRANCISCO CA 94163 |
Bank Of America Corp /de/ | 10 percent owner | BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255 |
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