RFM'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.89 Med: 0.93 Max: 0.96
Current: 0.95
During the past 4 years, RiverNorth Flexible Municipalome Fund's highest Price to Tangible Book Ratio was 0.96. The lowest was 0.89. And the median was 0.93.
RFM's Price-to-Tangible-Book is ranked better than 52.22% of 1624
companies
in the Asset Management industry
Industry Median: 0.96
vs RFM: 0.95
* 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.
RiverNorth Flexible Municipalome Fund Price-to-Tangible-Book Chart
RiverNorth Flexible Municipalome Fund Annual Data
Trend
Jun20
Jun21
Jun22
Jun23
Price-to-Tangible-Book
0.91
0.96
0.92
0.93
RiverNorth Flexible Municipalome Fund Semi-Annual Data
Competitive Comparison of RiverNorth Flexible Municipalome Fund's Price-to-Tangible-Book
For the Asset Management subindustry, RiverNorth Flexible Municipalome 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.
RiverNorth Flexible Municipalome Fund's Price-to-Tangible-Book Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, RiverNorth Flexible Municipalome Fund's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where RiverNorth Flexible Municipalome Fund's Price-to-Tangible-Book falls into.
RiverNorth Flexible Municipalome Fund Price-to-Tangible-Book Calculation
* 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.
RiverNorth Flexible Municipalome Fund Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of RiverNorth Flexible Municipalome Fund's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
RiverNorth Flexible Municipalome Fund (RiverNorth Flexible Municipalome Fund) Business Description
RiverNorth Flexible Municipal Income Fund Inc is a diversified, closed-end management investment company. Its primary investment objective is to seek current income exempt from regular U.S. federal income taxes. The fund's secondary investment objective is total return.
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