Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) Price-to-Tangible-Book : 0.95 (As of May. 26, 2024)

Tortoise Energy Independence Fund, Price-to-Tangible-Book Chart

Tortoise Energy Independence Fund, Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Price-to-Tangible-Book	Get a 7-Day Free Trial								0.88	0.84	0.85	0.86	0.82

Competitive Comparison of Tortoise Energy Independence Fund,'s Price-to-Tangible-Book

For the Asset Management subindustry, Tortoise Energy Independence 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.

Tortoise Energy Independence Fund,'s Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Energy Independence Fund,'s Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Tortoise Energy Independence Fund,'s Price-to-Tangible-Book falls into.

Tortoise Energy Independence Fund, Price-to-Tangible-Book Calculation

Tortoise Energy Independence 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.

Tortoise Energy Independence Fund, Price-to-Tangible-Book Related Terms

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Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) Business Description