Guggenheim Taxable Municipal Etf Price To Book
| GBAB Etf | USD 15.64 0.03 0.19% |
Guggenheim Taxable Municipal fundamentals help investors to digest information that contributes to Guggenheim Taxable's financial success or failures. It also enables traders to predict the movement of Guggenheim Etf. The fundamental analysis module provides a way to measure Guggenheim Taxable's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Guggenheim Taxable etf.
Guggenheim |
Guggenheim Taxable Municipal ETF Price To Book Analysis
Guggenheim Taxable's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Guggenheim Taxable Price To Book | 1.01 X |
Most of Guggenheim Taxable's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Guggenheim Taxable Municipal is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
| Competition |
Based on the latest financial disclosure, Guggenheim Taxable Municipal has a Price To Book of 1.0121 times. This is much higher than that of the Capital Markets family and significantly higher than that of the Financials category. The price to book for all United States etfs is notably lower than that of the firm.
Guggenheim Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Guggenheim Taxable's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Guggenheim Taxable could also be used in its relative valuation, which is a method of valuing Guggenheim Taxable by comparing valuation metrics of similar companies.Guggenheim Taxable is currently under evaluation in price to book as compared to similar ETFs.
Guggenheim Fundamentals
| Shares Outstanding | 24.8 M | ||||
| Shares Owned By Institutions | 22.93 % | ||||
| Number Of Shares Shorted | 27.62 K | ||||
| Price To Earning | 9.55 X | ||||
| Price To Book | 1.01 X | ||||
| Price To Sales | 17.20 X | ||||
| Revenue | 22.52 M | ||||
| EBITDA | 29.43 M | ||||
| Net Income | 21.61 M | ||||
| Total Debt | 119.22 M | ||||
| Cash Flow From Operations | 14.74 M | ||||
| Short Ratio | 0.43 X | ||||
| Earnings Per Share | 0.93 X | ||||
| Beta | -0.01 | ||||
| Market Capitalization | 387.4 M | ||||
| Total Asset | 510.47 M | ||||
| Retained Earnings | (66.89 M) | ||||
| Annual Yield | 0.10 % | ||||
| Five Year Return | 6.76 % | ||||
| Net Asset | 510.47 M |
About Guggenheim Taxable Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Guggenheim Taxable Municipal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Guggenheim Taxable using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Guggenheim Taxable Municipal based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Guggenheim Etf
Guggenheim Taxable financial ratios help investors to determine whether Guggenheim Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Guggenheim with respect to the benefits of owning Guggenheim Taxable security.