First Trust New Opportunities MLP & Energy Fund (First Trust New Opportunities MLP & Energy Fund) Price-to-Tangible-Book : 1.07 (As of May. 16, 2024)

First Trust New Opportunities MLP & Energy Fund Price-to-Tangible-Book Chart

First Trust New Opportunities MLP & Energy Fund Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Price-to-Tangible-Book	Get a 7-Day Free Trial								0.90	0.86	0.86	0.84	0.92

Competitive Comparison of First Trust New Opportunities MLP & Energy Fund's Price-to-Tangible-Book

For the Asset Management subindustry, First Trust New Opportunities MLP & Energy 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.

First Trust New Opportunities MLP & Energy Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Trust New Opportunities MLP & Energy Fund's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where First Trust New Opportunities MLP & Energy Fund's Price-to-Tangible-Book falls into.

First Trust New Opportunities MLP & Energy Fund Price-to-Tangible-Book Calculation

First Trust New Opportunities MLP & Energy Fund's price-to-tangible-book ratio for today is calculated as:

* 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.

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

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.

First Trust New Opportunities MLP & Energy Fund Price-to-Tangible-Book Related Terms

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First Trust New Opportunities MLP & Energy Fund (First Trust New Opportunities MLP & Energy Fund) Business Description