Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) PB Ratio : 0.98 (As of May. 15, 2024)

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What is Virtus Convertible &ome 2024 Target Term Fund PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-15), Virtus Convertible &ome 2024 Target Term Fund's share price is $8.93. Virtus Convertible &ome 2024 Target Term Fund's Book Value per Share for the quarter that ended in Jan. 2024 was $9.08. Hence, Virtus Convertible &ome 2024 Target Term Fund's PB Ratio of today is 0.98.

Good Sign:

Virtus Convertible & Income 2024 Target Term Fund stock PB Ratio (=0.98) is close to 1-year low of 0.91

The historical rank and industry rank for Virtus Convertible &ome 2024 Target Term Fund's PB Ratio or its related term are showing as below:

CBH' s PB Ratio Range Over the Past 10 Years
Min: 0.73 Med: 0.94 Max: 1.09
Current: 0.98

During the past 5 years, Virtus Convertible &ome 2024 Target Term Fund's highest PB Ratio was 1.09. The lowest was 0.73. And the median was 0.94.

CBH's PB Ratio is ranked worse than
55.16% of 1686 companies
in the Asset Management industry
Industry Median: 0.95 vs CBH: 0.98

During the past 12 months, Virtus Convertible &ome 2024 Target Term Fund's average Book Value Per Share Growth Rate was -2.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -2.70% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Virtus Convertible &ome 2024 Target Term Fund was -1.50% per year. The lowest was -2.70% per year. And the median was -2.10% per year.

Back to Basics: PB Ratio

Virtus Convertible &ome 2024 Target Term Fund PB Ratio Historical Data

The historical data trend for Virtus Convertible &ome 2024 Target Term Fund's PB Ratio 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.

Virtus Convertible &ome 2024 Target Term Fund PB Ratio Chart

Virtus Convertible &ome 2024 Target Term Fund Annual Data

Trend

Feb19

Feb20

Feb21

Jan23

Jan24

PB Ratio

0.93

0.94

0.97

Virtus Convertible &ome 2024 Target Term Fund Semi-Annual Data
	Aug17	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Jul22	Jan23	Jul23	Jan24
PB Ratio	Get a 7-Day Free Trial							0.98	0.97	0.97	0.96	0.97

Competitive Comparison of Virtus Convertible &ome 2024 Target Term Fund's PB Ratio

For the Asset Management subindustry, Virtus Convertible &ome 2024 Target Term 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.

Virtus Convertible &ome 2024 Target Term Fund's PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Convertible &ome 2024 Target Term Fund's PB Ratio distribution charts can be found below:

* The bar in red indicates where Virtus Convertible &ome 2024 Target Term Fund's PB Ratio falls into.

Virtus Convertible &ome 2024 Target Term Fund PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Virtus Convertible &ome 2024 Target Term Fund's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Jan. 2024)
	=	8.93	/	9.08
	=	0.98

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

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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

Virtus Convertible &ome 2024 Target Term Fund (NYSE:CBH) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

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

Virtus Convertible &ome 2024 Target Term Fund PB Ratio Related Terms

Thank you for viewing the detailed overview of Virtus Convertible &ome 2024 Target Term Fund's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Convertible & Income 2024 Target Term Fund (NYSE:CBH) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Munson Street, Greenfield, MA, USA, 01301

Website

https://us.allianzgi.com

AllianzGI Convertible & Income 2024 Target Term Fund is a diversified, closed-end management investment company. The fund's investment objectives are to provide a high level of income and to returns. The group invests in various sectors such as Aerospace and Defense, Healthcare-Services, Machinery-Construction and Mining, Pharmaceuticals, Transportation, Textiles, Apparel and Luxury Goods, Diversified Financial Services, Auto Components and others.

Executives

R Keith Walton	director	100 PEARL STREET, HARTFORD CT 06103
Mcdaniel Connie D	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Christine Hurtsellers	other: CEO - Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa	other: CIO-Subadviser to the issuer	800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Paul Zemsky	other: CIO-Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Voya Investment Management Co	other: Subadviser to the issuer	10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
Philip R Mcloughlin	director	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Brian T Zino	director	100 PARK AVENUE, NEW YORK NY 10017
Richard W Smirl	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
F Ford Drummond	director	100 N BROADWAY, OKLAHOMA CITY OK 73102
Alan Rappaport	director	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Bradley William Patrick Iii	officer: EVP, CFO and Treasurer	C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
George R Aylward	director, officer: President and CEO	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Francis G Waltman	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Justin Kass	other: Portfolio Manager	1345 AVE OF THE AMERICAS, NEW YORK NY 10105