Global Dividend Growth Split (TSX:GDV) PB Ratio : 1.19 (As of May. 13, 2024)

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What is Global Dividend Growth Split 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 (2024-05-13), Global Dividend Growth Split's share price is C$9.84. Global Dividend Growth Split's Book Value per Share for the quarter that ended in Dec. 2023 was C$8.28. Hence, Global Dividend Growth Split's PB Ratio of today is 1.19.

The historical rank and industry rank for Global Dividend Growth Split's PB Ratio or its related term are showing as below:

TSX:GDV' s PB Ratio Range Over the Past 10 Years
Min: 0.51 Med: 1.14 Max: 1.45
Current: 1.19

During the past 6 years, Global Dividend Growth Split's highest PB Ratio was 1.45. The lowest was 0.51. And the median was 1.14.

TSX:GDV's PB Ratio is ranked worse than
76.94% of 1691 companies
in the Asset Management industry
Industry Median: 0.95 vs TSX:GDV: 1.19

During the past 12 months, Global Dividend Growth Split's average Book Value Per Share Growth Rate was 8.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -6.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -4.10% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Global Dividend Growth Split was 12.20% per year. The lowest was -13.20% per year. And the median was -6.50% per year.

Back to Basics: PB Ratio

Global Dividend Growth Split PB Ratio Historical Data

The historical data trend for Global Dividend Growth Split'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.

Global Dividend Growth Split PB Ratio Chart

Global Dividend Growth Split Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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0.96

1.04

0.99

1.40

1.07

Global Dividend Growth Split Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial							0.99	1.33	1.40	1.19	1.07

Competitive Comparison of Global Dividend Growth Split's PB Ratio

For the Asset Management subindustry, Global Dividend Growth Split'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.

Global Dividend Growth Split's PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Global Dividend Growth Split's PB Ratio distribution charts can be found below:

* The bar in red indicates where Global Dividend Growth Split's PB Ratio falls into.

Global Dividend Growth Split 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.

Global Dividend Growth Split's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	9.84	/	8.277
	=	1.19

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.

Global Dividend Growth Split (TSX:GDV) 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.

Global Dividend Growth Split PB Ratio Related Terms

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Global Dividend Growth Split (TSX:GDV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Global Dividend Growth Split Corp (TSX:GDV) » Definitions » PB Ratio

Comparable Companies

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GDV.PR.A.PFD:Canada

Address

181 Bay Street, Bay Wellington Tower, Suite 2930, Box 793, Brookfield Place, Toronto, ON, CAN, M5J 2T3

Website

https://www.bromptongroup.com

Global Dividend Growth Split Corp is a closed-end investment fund. It invests in a diversified portfolio of equity securities of large-capitalization global dividend growth companies. Its objectives are to provide holders with monthly non-cumulative cash distributions and to provide holders with the opportunity for capital appreciation through exposure to the portfolio.