Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) Book Value per Share : $35.45 (As of Nov. 2023)

Tortoise Energy Independence Fund, Book Value per Share Chart

Tortoise Energy Independence Fund, Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Book Value per Share	Get a 7-Day Free Trial								25.13	38.68	38.24	31.53	35.45

Competitive Comparison of Tortoise Energy Independence Fund,'s Book Value per Share

For the Asset Management subindustry, Tortoise Energy Independence 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.

Tortoise Energy Independence Fund,'s PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Energy Independence Fund,'s PB Ratio distribution charts can be found below:

* The bar in red indicates where Tortoise Energy Independence Fund,'s PB Ratio falls into.

Tortoise Energy Independence Fund, Book Value per Share Calculation

Tortoise Energy Independence Fund,'s Book Value Per Share for the fiscal year that ended in Nov. 2023 is calculated as:

Tortoise Energy Independence Fund,'s Book Value Per Share for the quarter that ended in Nov. 2023 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.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Tortoise Energy Independence Fund,  (NYSE:NDP) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Tortoise Energy Independence Fund, Book Value per Share Related Terms

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