The New Germany Fund, Inc.

The New Germany Fund, Inc.verified

GF

Price:

$8.5286

Market Cap:

$139.79M

The New Germany Fund Inc. is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc. The fund is managed by Deutsche Asset Management International GmbH. It invests in the public equity markets of Germany. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in stocks of small and mid cap companies. The fund benchmarks the performance of its portfolio against the Midcap Market Performance Index. The New Germany Fund Inc. was formed on January 16, 1990 and is domiciled in Germany.[Read more]

Industry

Asset Management

IPO Date

1990-01-25

Stock Exchange

NYSE

Ticker

GF

The PE Ratio as of September 2024 (TTM) for The New Germany Fund, Inc. (GF) is -11.85

According to The New Germany Fund, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is -11.85. This represents a change of -181.22% compared to the average of 14.59 of the last 4 quarters.

The New Germany Fund, Inc. (GF) Historical PE Ratio (quarterly & annually)

How has GF PE Ratio performed in the past?

The mean historical PE Ratio of The New Germany Fund, Inc. over the last ten years is -27.60. The current -11.85 PE Ratio has changed 4.19% with respect to the historical average. Over the past ten years (40 quarters), GF's PE Ratio was at its highest in in the September 2023 quarter at 38.47. The PE Ratio was at its lowest in in the March 2018 quarter at -38.92.

Quarterly (TTM)
Annual

Average

-27.60

Median

2.85

Minimum

-310.22

Maximum

25.03

The New Germany Fund, Inc. (GF) PE Ratio by Quarter and Year

Discovering the peaks and valleys of The New Germany Fund, Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 725.94%

Maximum Annual PE Ratio = 25.03

Minimum Annual Increase = -4689.13%

Minimum Annual PE Ratio = -310.22

Quarterly (TTM)
Annual
YearPE RatioChange
20236.29-610.03%
2022-1.23-104.93%
202125.03725.94%
20203.03-3.57%
20193.14-217.65%
2018-2.67-200.07%
20172.67-100.86%
2016-310.22-4689.13%
20156.76-177.14%
2014-8.76-475.74%

The New Germany Fund, Inc. (GF) Average PE Ratio

How has GF PE Ratio performed in the past?

The current PE Ratio of The New Germany Fund, Inc. (GF) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

10.03

5-year avg

7.25

10-year avg

-27.60

The New Germany Fund, Inc. (GF) PE Ratio vs. Peers

How is GF’s PE Ratio compared to its peers?

The New Germany Fund, Inc.’s PE Ratio is less than First Trust Dynamic Europe Equity Income Fund (-8.12), less than Eagle Point Income Company Inc. (4.70), less than Western Asset High Yield Defined Opportunity Fund Inc. (6.08), less than Nuveen New York Municipal Value Fund (11.10), less than Western Asset High Income Opportunity Fund Inc. (7.61), less than Western Asset Global Corporate Defined Opportunity Fund Inc. (21.44), less than Western Asset Global High Income Fund Inc. (5.52), less than The European Equity Fund, Inc. (3.91), less than John Hancock Investments - John Hancock Tax-Advantaged Global Shareholder Yield Fund (24.94), less than MFS High Yield Municipal Trust (16.34), less than MFS High Income Municipal Trust (14.37), less than MFS Multimarket Income Trust (9.15), less than MFS Intermediate Income Trust (55.67), less than BlackRock MuniHoldings Quality Fund II, Inc. (23.29), less than The Korea Fund, Inc. (4.87), less than Abrdn Japan Equity Fund Inc (4.51), less than The Swiss Helvetia Fund Inc. (3.30), less than The Taiwan Fund, Inc. (1.75), less than AURELIUS Equity Opportunities SE & Co. KGaA (2.86), less than Neuberger Berman California Municipal Fund Inc. (-3.05), less than AGF Management Limited (5.77),

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