Sentences with phrase «at tangible book value»

If you like our businesses, buying back stock at tangible book value is a very good deal.

Haircut our earnings numbers that analysts project and forecast buying back, say, $ 10 billion a year for three years at tangible book value.

«In prior years, I explained why buying back our stock at tangible book value per share was a no - brainer..

Not exact matches

The firm attributes 30 % to 40 % of its profits to the U.S., and trades at a bigger - than - average 75 % discount to tangible book value.

I shared in my book, The 5 Languages of Appreciation at Work, five ways that people could show others they're valued — through words of affirmation, acts of service, quality time, tangible gifts and physical touch.

The company is trading at 35 % discount to its tangible book value.

At $ 45, shares trade at 166 % of estimated pro-forma tangible book value (NYSEMKT: TBV) of $ 27.0At $ 45, shares trade at 166 % of estimated pro-forma tangible book value (NYSEMKT: TBV) of $ 27.0at 166 % of estimated pro-forma tangible book value (NYSEMKT: TBV) of $ 27.05.

U.S. banks are now trading at twice their tangible book values, whereas many European banks are still trading at or below their tangible book values.

In that time the tangible book value has compounded at 11.8 % pa vs 5.2 % pa for the S&P 500.

Offering bank investors a view of the company stock, Dimon contended that it still made financial sense for JPMorgan to buy back shares «even at or above two times tangible book value» per share, which was $ 53.56 at year - end.

Pacific Energy is trading at over 1.4 times its book value and over 1.7 times its tangible book value.

Vanshap employs a research - intensive process to identify businesses run by disciplined management teams trading at low multiples of tangible book value or cash earnings.

Selling at a significant discount to our estimate of intrinsic value and at only a modest premium to tangible book value, we think News Corp offers a compelling risk / reward profile.

Finally, looking at valuation, European banks traded at a material discount to tangible book value, one standard deviation3 below their historic forward price - earnings multiple, and near a 20 - year low relative to global banking peers as the year came to a close.4 We are also finding select financial sector values in Asia, in both mature, under - earning banking markets like South Korea and Singapore, as well as underpenetrated, growth - oriented markets like China (particularly in insurance) and India (particularly in banking).

In fact, at a 75 % discount to growth on price - to - tangible book value — two standard deviations below the average long - term level — value hasn't been this cheap relative to growth since the peak of the» dotcom» bubble.2 But, is this unpopularity permanent?

I'm doing a lot of work on bank stocks lately, looking at a lot of cheap stocks selling for significantly less than their tangible book value.

The only conclusion that could be gleaned from this 10 - year backtest is that price to tangible book value might be slightly better at identifying value opportunities than the standard price - to - book ratio for stocks with the lowest price ratios.

The price to tangible book value ratio to some degree overcomes this issue and more closely represents what common shareholders can expect to receive if the firm goes bankrupt and all of its assets are liquidated at their book values.

Based on June 2015, the tangible book value was at $ 9.54 a share, September 2015 is $ 1.63... I wonder what makes his significant drop.

Now, book value is nowhere near perfect, but neither is it to be neglected, so neglect book value, particularly tangible book value at your peril.

However, if I look at the developement of book values for financial companies, I always look at both, stated and tangible book value per share.

The tangible book value stands at USD 195.1 m with USD 51.2 m in cash and roughly USD 40 m of real estate at cost and no debt outstanding.

Alright, I took a look at my books and I was mistaken, they actually make an argument that tangible book value is not always an accurate measure, especially in the case when the intangibles can be sold off in the case of a patent, rights, or copyright.

We believe the shares are worth well more than tangible book value right now; thus we've been purchasing shares at a good deal below 50 % of intrinsic value.

BBND's tangible book value at 31 March was $ 142M or $ 2.10 per share (~ 80 % of BBND's assets are cash and short term investments and it has no debt).

If anyone knows of any study explicitly examining the performance of stocks selected on the basis of price - to - tangible book value, please shoot me an email at greenbackd at gmail or leave a comment in this post.

Pacific Energy is trading at over 1.4 times its book value and over 1.7 times its tangible book value.

And, certainly, most of our businesses, if we sold them whole, would sell at a substantial premium to tangible book value.

If you run the same numbers as above, but at $ 45 per share, buybacks would be accretive to earnings and approximately break even to tangible book value — still attractive but far less so.

Unfortunately, we were restricted from buying back more stock when it was cheap — below tangible book value — and we did not get permission to buy back stock until it was selling at $ 45 a share.

At March 31, 2012, after giving pro forma effect to our receipt of the net proceeds of this offering, we would have had a pro forma net tangible book value of $ 10,194,760, or $ 2.76 per share.

Our net tangible book value at March 31, 2012 was $ 0.24 per share and was determined by dividing our actual net tangible book value (total book value of tangible assets less total liabilities) on that date, by the number of outstanding shares (1,249,446) on March 31, 2012.

The short version of the thesis is that EGI is a well - reserved insurer trading at 63 % of tangible book value and, unlike many other lines of insurance, it may very well be entering a firming non-standard automobile market in Canada.

It is rare that the judges allow deals to go out at less than tangible book value, particularly on short - tailed P&C companies with little insolvency risk.

So, that's my preferred measure for how much has the underlying value of the firm increased: growth in fully diluted tangible book value (ex-AOCI), adding back dividends, and subtract out net equity issuance / buyback measured not at cost, but at the current market price.

[NB: i) Church House's Argo stake is held by the Deep Value Investments Fund, managed by Jeroen Bos — if you haven't read it already, I can highly recommend his recent book «Deep Value Investing», ii) XXX Capital Management is a well - known European hedge fund, which hasn't publicly disclosed a holding in Argo to date, hence the redaction — Argo management are obviously aware of their shareholding & support, and iii) the letter was based on a GBP 14p share price & a higher GBP / USD rate — at the current 13.875 p price and exchange rate, Argo now trades at a 36 % discount to net cash and investments, and a 47 % discount to net tangible assets.]

Growth in fully diluted tangible book value (ex-AOCI) is a good measure of firm performance, if you add back dividends, and subtract out net equity issuance / buyback measured not at cost, but at the current market price.

With share price to tangible book value trading at such a large discount, the margin of safety is sizeable.

At its $ 12 close yesterday HAWK has a market capitalization of $ 142M, which is 30 % of its $ 443M or $ 36.6 per share in tangible book value as at March 3At its $ 12 close yesterday HAWK has a market capitalization of $ 142M, which is 30 % of its $ 443M or $ 36.6 per share in tangible book value as at March 3at March 31.

Their shares are generally valued at below tangible book value.

Then the stock price should be at least book value instead of tangible book value.

The shares are also priced at 1.95 x tangible book value so investors should get 20.11 / 1.95 = 10.31 % return on the equity they hold per share.