Sentences with phrase «below tangible book value»

Their shares are generally valued at below tangible book value.

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.

For him, that means finding companies that trade below tangible book value, have low P / E multiples and strong cash flows.

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.

Not exact matches

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?

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.