Use multiple valuation metrics--not just the ratio of price-to-earnings but the ratios of price-to-sales and price-to-book.
The stock yields 4.6% and has a price-to-book ratio of 1.7, modest relative to rivals.
Tutor Perini ( NYSE:TPC) This construction management company has a price-to-book ratio of .77.
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Boise ( NYSE:BZ) The price-to-book ratio on this one is 1.04, just slightly over book.
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Stack looks at historical measures of valuation: price-to-book ratios, price-to-dividend ratios and price-to-earnings ratios.
Additionally, its price-to-book multiple of 3.8 is lower than the industry average of 4.3.
The price-to-book ratio of 4.10x is also substantially higher than the peer group average of 2.10x.
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The price-to-book ratio of 2.88x is also 28.57% higher than the peer group average of 2.24x.
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The larger consumer lenders have a low price-to-book of around 0.8 for fiscal 2006.
The price-to-book ratio of 3.58x is also substantially higher than the peer group average of 2.08x.
Its price-to-book ratio of 2.2x and dividend yield of 2.3 percent make it a relatively expensive market.
On a price-to-sales and price-to-book basis as well, the stock is trading at premiums to industry averages.
Its price-to-book ratio of 1.49 is at a 15.8% discount to the peer group average of 1.77.
In short, the margin of safety in price-to-book is good enough to give the stock a closer look.
On a price-to-book basis, shares currently trade at 1.34x, a 47% discount to the industry average of 2.53x.
On a price-to-book basis, Unilever trades at 5.76, a 79.4% premium to the peer group average of 3.21.
Tronox trades for less than book value, and at a 45% discount to its five-year average price-to-book value ratio.
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My previous post elaborated on the probable value as measured by price-to-book ratios (PBRs) now available in the Japanese stock market.
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Are the value measures -- price-to- book, price-to-earnings, price-to-cash flow -- in line with those of similar public companies?
It trades for 3.9 times sales, but its price-to-book-value ratio is just 1.2.
Ardour Capital's Nasdeo says other traditional metrics, such as price-to-sales or price-to-book value, are not really much help either.
Why do they avoid low price-to-book-value stocks, even though the returns on them are higher than flashy technology stocks?
Then there is the price-to-book ratio, which measures a company's stockmarket value against the book value of its assets.
Also, on a price-to-book basis, shares trade at 20.64x, a substantial premium to the peer group average of 0.99x.
Its price-to-book ratio of 2.0 is 9.1% below the industry median of 2.2.
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On a price-to-book basis, shares are currently trading at 2.7x, a 28.6% premium to the peer group average of 2.1x.
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Dana Holding ( NYSE:DAN) The price-to-book ratio is 1.11 which would seem to come in at below the industry average.
Finally, I set the valuation limits at a maximum price-to-book ratio of 4.0 and a maximum price-earnings ratio of 25.0.
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Still, serious caution is in order--in the real estate slump of 1990, Hovnanian's price-to-book ratio dropped as far as 0.3.
However, on a price-to-book basis, shares are currently trading at 2.95x, a 50.5% premium to the peer group average of 1.96x.
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