One example of a company that actually did make large repurchases of shares substantially below book value in 2011 is American Capital ( NASDAQ: ACAS), which announced it bought back millions of shares of its own stock, at prices considerably below its most recent reported book value per share, thereby elevating the per-share book value of the remaining shares.
The Price to Book ratio is a formula that represents the most recent share price of a company compared to its book value per share (the residual dollar value for common shareholders after assets are liquidated and all debtors are paid).
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However, tangible book value per share is a good measure of liquidation value, or the amount that shareholders can reasonably expect to receive should the company go under.
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Year-over-year book value per share increased 8%, and tangible book value increased 12%.
The tremendous growth in book value per share at Fairfax comes from decidedly un-Buffett-like transactions.
The decline in the value of share prices has also destroyed many peoples' paper fortunes.
You would have a nice windfall in this stock if the spread between liquidation value and share price narrowed.
You can freely play around with this model and see how the changes affect the "fair value" share price.
Net tangible asset value per share coverage is much more comfortable currently for our major banks and brokerage houses.
When looking at Price to Tangible Book Value multiples, you have to ask yourself, what are the risks that Tangible Book Value per Share is overstated.
Greenlight believes that Apple has the capacity to ultimately distribute several hundred billion dollars of preferred, which would unlock hundreds of dollars of value per share.
The value of time share and the core value of cloud computing are pretty much the same, only the resources these days are much better and more cost effective.
Whenever a company trading at a premium to book value issues new shares, whether from a secondary offering or in the course of an acquisition, the book value per share goes up.
In 2012, AHL grew its book value per share grew by 6% and delivered an operating ROE of 8.5%, which was very impressive considering the impact of Superstorm Sandy and low interest rate environment.
Fairfax's book value per share has risen at a 40% annual rate since Watsa, who started out in the late 1970s as a money manager at a Toronto life insurer, took over in 1985.
Berkshire's book value per share the measure of net worth that Mr. Buffett prefers as a yardstick to earnings, which he views as too volatile and subject to the whims of accounting rule makers increased 14% in 2012.
Despite having an equal stake in the project, and other assets than Galore Creek, shares of NovaGold fell so dramatically because, Lostritto said, none of its assets have reached commercial production, thus leaving investors to value its share price on the basis of projected cash flow.
You know, do they share the same value system that we share?
It should instead be about increasing value of service and "empowering our clients to share value with their friends" which is in line with WHY our clients refer in the first place.
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The value of a share in Viacom or Seagram is in part determined by the value of that particular long-shot call option.
Soon after Marconi was listed on the Nasdaq exchange, its share value fell sharply.
The shares currently trade about 8% below the underlying per-share value of its uranium holdings.
The stock trades at around 75% of the per-share value of the company's gold reserves, he estimates.
Giving fans something they value enough to share is what builds the groundswell that sustains a movement.
Cornerstone then pays out 20% or more in distributions, causing the value of each share to shrink accordingly.
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The disclosure itself ( a new financing plan) was greeted with yawns and a 7.3% drop in share value.
The two companies renegotiated, lowering the per-share value of the deal by 15%.
This program is a perfect example of the share value principle both for Adidas and for the Grameen Bank.
The Primary Reason: we refer to share value with people we care about.
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We as a species have evolved to be internally motivated to share value with our peers as a survival mechanism.
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