Tortoise Mlp Closed Fund Fundamentals
| NTG Fund | USD 57.53 1.49 2.66% |
Tortoise Mlp Closed fundamentals help investors to digest information that contributes to Tortoise Mlp's financial success or failures. It also enables traders to predict the movement of Tortoise Fund. The fundamental analysis module provides a way to measure Tortoise Mlp'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 Tortoise Mlp fund.
Tortoise |
Tortoise Mlp Closed Fund Price To Earning Analysis
Tortoise Mlp's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Tortoise Mlp Price To Earning | 3.05 X |
Most of Tortoise Mlp's fundamental indicators, such as Price To Earning, 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, Tortoise Mlp Closed is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Tortoise Mlp Closed has a Price To Earning of 3.05 times. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The price to earning for all United States funds is notably lower than that of the firm.
Tortoise Mlp Closed Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Tortoise Mlp's current stock value. Our valuation model uses many indicators to compare Tortoise Mlp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Tortoise Mlp competition to find correlations between indicators driving Tortoise Mlp's intrinsic value. More Info.Tortoise Mlp Closed is rated below average in price to earning among similar funds. It is number one fund in price to book among similar funds fabricating about 0.98 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Tortoise Mlp Closed is roughly 1.02 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Tortoise Mlp by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Tortoise Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tortoise Mlp's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of Tortoise Mlp could also be used in its relative valuation, which is a method of valuing Tortoise Mlp by comparing valuation metrics of similar companies.Tortoise Mlp is currently under evaluation in price to earning among similar funds.
Tortoise Fundamentals
| Return On Equity | 0.0858 | |||
| Return On Asset | 4.0E-4 | |||
| Current Valuation | 926.9 M | |||
| Shares Outstanding | 5.64 M | |||
| Shares Owned By Insiders | 0.13 % | |||
| Shares Owned By Institutions | 39.77 % | |||
| Number Of Shares Shorted | 101.39 K | |||
| Price To Earning | 3.05 X | |||
| Price To Book | 2.99 X | |||
| Price To Sales | 1.43 X | |||
| Revenue | 618.29 M | |||
| Gross Profit | 188.75 M | |||
| EBITDA | 95.3 M | |||
| Net Income | 61.48 M | |||
| Cash And Equivalents | 38.91 M | |||
| Cash Per Share | 0.53 X | |||
| Total Debt | 13 M | |||
| Debt To Equity | 0.70 % | |||
| Current Ratio | 1.28 X | |||
| Book Value Per Share | 7.57 X | |||
| Cash Flow From Operations | 73.73 M | |||
| Short Ratio | 4.51 X | |||
| Earnings Per Share | 12.18 X | |||
| Beta | 1.18 | |||
| Market Capitalization | 219 M | |||
| Total Asset | 878.52 M | |||
| Retained Earnings | 6.68 M | |||
| Working Capital | 22.81 M | |||
| Current Asset | 105.36 M | |||
| Current Liabilities | 82.55 M | |||
| Annual Yield | 0.14 % | |||
| Year To Date Return | 55.53 % | |||
| One Year Return | 61.62 % | |||
| Three Year Return | 23.06 % | |||
| Five Year Return | (5.13) % | |||
| Last Dividend Paid | 3.08 |
About Tortoise Mlp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tortoise Mlp Closed's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tortoise Mlp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tortoise Mlp Closed based on its fundamental data. In general, a quantitative approach, as applied to this fund, 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.Tortoise MLP Fund, Inc. is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. It invests in public equity markets. The fund primarily invests in equity securities of MLPs and their affiliates, with an emphasis on natural gas infrastructure Master Limited Partnerships. It employs a fundamental analysis with a bottom up stock picking approach with focus on factors like quantitative, qualitative, and relative value factors to create its portfolio. Tortoise MLP Fund, Inc. was formed on July 27, 2010 is domiciled in United States.
Currently Active Assets on Macroaxis
Other Information on Investing in Tortoise Fund
Tortoise Mlp financial ratios help investors to determine whether Tortoise Fund 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 Tortoise with respect to the benefits of owning Tortoise Mlp security.
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