Nuveen Arizona Dividend Advantage Municipal Fund (NFZ)

14.65 -0.02  -0.14%  May 29, 8:00PM Go Pro
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Nuveen Arizona Dividend Advantage Municipal Fund Price / Tangible Book Value

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About Price to Tangible Book Value

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The Price to Tangible Book Value ratio (PTBV) expresses share price as a proportion of the company's tangible book value reported on the company's balance sheet. Tangible book value is calculated by subtracting intangible assets (intellectual property, patents, goodwill etc.) from the company's book value.

Theoretically, PTBV represents the amount of money that shareholders would receive for each share owned if the company were to liquidate its operations. A higher PTBV indicates a higher level of risk due to increased potential for share price losses.
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