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NXG Cushing Midstream Energy Fund (NXG Cushing Midstream Energy Fund) Price-to-Tangible-Book : 1.02 (As of May. 01, 2024)


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What is NXG Cushing Midstream Energy Fund Price-to-Tangible-Book?

As of today (2024-05-01), NXG Cushing Midstream Energy Fund's share price is $39.73. NXG Cushing Midstream Energy Fund's Tangible Book per Share of Nov. 2023 for the quarter that ended in Nov. 2023 was $38.81. Hence, NXG Cushing Midstream Energy Fund's Price to Tangible Book Ratio of today is 1.02.

The historical rank and industry rank for NXG Cushing Midstream Energy Fund's Price-to-Tangible-Book or its related term are showing as below:

SRV' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.75   Med: 0.86   Max: 1.05
Current: 1.02

During the past 7 years, NXG Cushing Midstream Energy Fund's highest Price to Tangible Book Ratio was 1.05. The lowest was 0.75. And the median was 0.86.

SRV's Price-to-Tangible-Book is ranked worse than
65.64% of 1624 companies
in the Asset Management industry
Industry Median: 0.94 vs SRV: 1.02

A closely related ratio is called PB Ratio. As of today, NXG Cushing Midstream Energy Fund's share price is $39.73. NXG Cushing Midstream Energy Fund's Book Value per Sharefor the quarter that ended in Nov. 2023 was $38.81. Hence, NXG Cushing Midstream Energy Fund's P/B Ratio of today is 1.02.


NXG Cushing Midstream Energy Fund Price-to-Tangible-Book Historical Data

The historical data trend for NXG Cushing Midstream Energy Fund's Price-to-Tangible-Book 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.

NXG Cushing Midstream Energy Fund Price-to-Tangible-Book Chart

NXG Cushing Midstream Energy Fund Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Price-to-Tangible-Book
Get a 7-Day Free Trial 0.91 0.75 0.85 0.83 0.90

NXG Cushing Midstream Energy 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.85 0.78 0.83 0.96 0.90

Competitive Comparison of NXG Cushing Midstream Energy Fund's Price-to-Tangible-Book

For the Asset Management subindustry, NXG Cushing Midstream 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.


NXG Cushing Midstream Energy Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where NXG Cushing Midstream Energy Fund's Price-to-Tangible-Book falls into.



NXG Cushing Midstream Energy Fund Price-to-Tangible-Book Calculation

NXG Cushing Midstream Energy Fund's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Nov. 2023 )
=39.73/38.814
=1.02

* 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.


NXG Cushing Midstream Energy Fund Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of NXG Cushing Midstream Energy Fund's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.


NXG Cushing Midstream Energy Fund (NXG Cushing Midstream Energy Fund) Business Description

Traded in Other Exchanges
N/A
Address
600 N. Pearl Street, Suite 1205, Dallas, TX, USA, 75201
The Cushing MLP & Infrastructure Total Return Fund is a non-diversified, closed-end management investment company with an investment objective of seeking a high after-tax total return from a combination of capital appreciation and current income. The fund invests at least 80% of its net assets in a portfolio of infrastructure master limited partnerships (MLPs) and MLP-related investments.
Executives
Todd Sunderland other: Adviser COO 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Jeffrey A Engelsman officer: Chief Compliance Officer 865 SOUTH FIGUEROA STREET, SUITE 1800, LOS ANGELES CA 90017
John Alban officer: CFO/Treasurer and Interim CCO THE CUSHING MLP TOTAL RETURN FUND, 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Mark Rhodes officer: President 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
John M. Musgrave other: Portfolio Manager 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Blake Nelson officer: Chief Financial Officer 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Brian R Bruce director 5945 GLENDOWER LANE, PLANO TX 75093
Andrea Mullins director 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Mathew Calabro officer: Chief Compliance Officer 8117 PRESTON ROAD, SUITE 440, DALLAS TX 75225
Saket Kumar other: Adviser Managing Partner 300 CRESCENT COURT, SUITE 1700, DALLAS TX 75201
Brenda A Cline other: Trustee 5101 TENNYSON PARKWAY, PLANO TX 75024
Jerry V Swank officer: President and CEO 3300 OAK LAWN AVENUE, SUITE 650, DALLAS TX 75219
Daniel L Spears other: Partner C/O EMERALD OIL, INC., 200 COLUMBINE, SUITE 500, DENVER CO 80206

NXG Cushing Midstream Energy Fund (NXG Cushing Midstream Energy Fund) Headlines