Highland Global Allocation Fund

Highland Global Allocation Fundverified

HGLB

Price:

$7.13

Market Cap:

$163.99M

Highland Global Allocation Fund acts as closed-end investment fund. Its investment objective of the fund is to seek long-term growth of capital and future income. The fund seeks to achieve its investment objectives by investing in a portfolio of U.S. and foreign equity, debt and money market securities. The company was founded on April 9, 2013 and is headquartered in Dallas, Texas.[Read more]

Industry

Asset Management - Global

IPO Date

2019-03-01

Stock Exchange

NYSE

Ticker

HGLB

The PE Ratio as of December 2024 (TTM) for Highland Global Allocation Fund (HGLB) is 5.17

According to Highland Global Allocation Fund’s latest financial reports and current stock price. The company's current PE Ratio is 5.17. This represents a change of Infinity% compared to the average of 0 of the last 4 quarters.

Highland Global Allocation Fund (HGLB) Historical PE Ratio (quarterly & annually)

How has HGLB PE Ratio performed in the past?

The mean historical PE Ratio of Highland Global Allocation Fund over the last ten years is 2.91. The current 5.17 PE Ratio has changed 17.69% with respect to the historical average. Over the past ten years (40 quarters), HGLB's PE Ratio was at its highest in in the March 2019 quarter at 0. The PE Ratio was at its lowest in in the March 2019 quarter at 0.

Quarterly (TTM)
Annual

Average

2.91

Median

4.27

Minimum

-12.81

Maximum

13.01

Highland Global Allocation Fund (HGLB) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Highland Global Allocation Fund 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 = 358.17%

Maximum Annual PE Ratio = 13.01

Minimum Annual Increase = -217.75%

Minimum Annual PE Ratio = -12.81

Quarterly (TTM)
Annual
YearPE RatioChange
20245.70-48.74%
202311.11-14.63%
202213.01358.17%
20212.84-217.75%
2020-2.41-81.17%

Highland Global Allocation Fund (HGLB) Average PE Ratio

How has HGLB PE Ratio performed in the past?

The current PE Ratio of Highland Global Allocation Fund (HGLB) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

9.94

5-year avg

6.05

10-year avg

2.91

Highland Global Allocation Fund (HGLB) PE Ratio vs. Peers

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

Highland Global Allocation Fund’s PE Ratio is greater than PIMCO Energy and Tactical Credit Opportunities Fund (3.60), greater than Neuberger Berman Next Generation Connectivity Fund Inc. (0), less than DoubleLine Yield Opportunities Fund (5.78), less than DoubleLine Income Solutions Fund (5.23), less than Clough Global Equity Fund (6.36), less than Virtus Convertible & Income Fund (20.99), greater than Virtus Convertible & Income 2024 Target Term Fund (0), less than MFS Investment Grade Municipal Trust (43.13), less than Eaton Vance Senior Income Trust (7.59), less than High Income Securities Fund (17.20), less than RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (6.74), less than Cornerstone Total Return Fund, Inc. (6.47), greater than Oxford Lane Capital Corp. (4.59), greater than Horizon Technology Finance Corporation (-84.63), less than Brookfield Real Assets Income Fund Inc. (9.54), less than Guggenheim Strategic Opportunities Fund (8.81), less than Cornerstone Strategic Value Fund, Inc. (5.98), greater than abrdn Global Premier Properties Fund (-10.55), less than Cohen & Steers Quality Income Realty Fund, Inc. (15.11), less than Cohen & Steers REIT and Preferred Income Fund, Inc. (7.12), less than Neuberger Berman Real Estate Securities Income Fund Inc. (18.49), less than Eaton Vance Tax-Managed Diversified Equity Income Fund (5.81),

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