BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Price-to-Tangible-Book : 0.97 (As of May. 01, 2024)

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What is BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Price-to-Tangible-Book?

As of today (2024-05-01), BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's share price is $8.56. BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Tangible Book per Share of Feb. 2024 for the quarter that ended in Feb. 2024 was $8.85. Hence, BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Price to Tangible Book Ratio of today is 0.97.

The historical rank and industry rank for BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Price-to-Tangible-Book or its related term are showing as below:

DCF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.93 Med: 0.96 Max: 1.04
Current: 0.97

During the past 6 years, BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's highest Price to Tangible Book Ratio was 1.04. The lowest was 0.93. And the median was 0.96.

DCF's Price-to-Tangible-Book is ranked worse than
54.25% of 1624 companies
in the Asset Management industry
Industry Median: 0.94 vs DCF: 0.97

A closely related ratio is called PB Ratio. As of today, BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's share price is $8.56. BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Book Value per Sharefor the quarter that ended in Feb. 2024 was $8.85. Hence, BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's P/B Ratio of today is 0.97.

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Price-to-Tangible-Book Historical Data

The historical data trend for BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Price-to-Tangible-Book 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.

* Premium members only.

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Price-to-Tangible-Book Chart

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Price-to-Tangible-Book

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1.01

0.94

1.02

0.95

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Semi-Annual Data
	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Price-to-Tangible-Book	Get a 7-Day Free Trial						0.98	0.95	0.97	0.95	0.96

Competitive Comparison of BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Price-to-Tangible-Book

For the Asset Management subindustry, BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Price-to-Tangible-Book falls into.

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Price-to-Tangible-Book Calculation

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Feb. 2024 )
	=	8.56	/	8.845
	=	0.97

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc (NYSE:DCF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o BNY Mellon Investment Adviser, Inc., 240 Greenwich Street, New York, NY, USA, 10286

Website

https://www.bnymellonim.com

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc is a diversified closed-end management investment company. Its investment objectives are to seek high current income and to return at least the Fund's original NAV to holders of record of common shares on or about the termination date.

Executives

Bushra Mannan	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Irene Papadoulis	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Ping Jiang	other: Dir. of Invest. Oversight (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Bradley J Skapyak	officer: President	200 PARK AVENUE, NEW YORK NY 10166
Joseph Martella	officer: VP	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10288
Daniel Goldstein	officer: VP	240 GREENWICH STREET, NEW YORK NY 10286
Robert J. Pomeroy	officer: VP; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Vinay Patel	other: Head of Finance of Sub-Adviser	200 PARK AVE, NEW YORK CITY NY 10166
Alcentra Ny, Llc	other: Sub-Adviser	200 PARK AVENUE, 7TH FLOOR, NEW YORK NY 10166
Brandon Chao	other: Portfolio Mgr of Sub-Adviser	200 PARK AVENUE, NEW YORK CITY NY 10166
Laurence Raven	other: Portfolio Mgr of Sub-Adviser	200 PARK AVENUE, NEW YORK CITY NY 10166
Ross Curran	other: Portfolio Mgr of Sub-Adviser	200 PARK AVENUE, NEW YORK CITY NY 10166
Cathy Bevan	other: Portfolio Mgr of Sub-Adviser	200 PARK AVENUE, NEW YORK CITY NY 10166
Daire Wheeler	other: Portfolio Mgr of Sub-Adviser	200 PARK AVENUE, NEW YORK CITY NY 10166
Eric Larsson	other: Portfolio Mgr of Sub-Adviser	C/O ALCENTRA NY LLC, 200 PARK AVENUE, NEW YORK CITY NY 10166