The first filter looks for companies with a current return on equity (earnings per share over the latest 12 months divided
by book value per share as of the latest quarter) greater than the post-World War II average of 14 %.
If Buffett still measures his life
by the book value per share of Berkshire Hathaway, then for the first time in forty years he must feel like a wasting asset.
Return on Equity %: The current fiscal years estimated earnings per share (EPS) divided
by the book value per share.
The divergence in the P / BV (price divided
by book value per share) is even wider: 5.19 for growth and 1.74 for value.
The price - to - book ratio is the share price divided
by the book value per share.
On a «per share» basis ROE is just the EPS divided
by the Book value per share.
With the market / book ratio, analysts can compare a company's market value to its book value, The ratio can be calculated by dividing the market value per share
by the book value per share.
Not exact matches
Book value per share is total common shareholders» equity divided
by the number of common
shares outstanding.
Adjusted
book value per share is total common shareholders» equity excluding net unrealized investment gains and losses, net of tax, included in shareholders» equity, divided
by the number of common
shares outstanding.
Tangible
book value per share is adjusted
book value per share excluding the after - tax
value of goodwill and other intangible assets divided
by the number of common
shares outstanding.
His last open letter to shareholders makes the point clearly about investing in creating
value — «Berkshire's gain in net worth during 2016 was $ 27.5 billion, which increased the
per -
share book value of both our Class A and Class B stock
by 10.7 %.
The company should see earnings
per share and
book value each grow
by 12 % a year, she says.
Dilution in pro forma net tangible
book value per share to investors purchasing
shares of our Class A common stock in this offering represents the difference between the amount
per share paid
by investors purchasing
shares of our Class A common stock in this offering and the pro forma as adjusted net tangible
book value per share of our Class A common stock immediately after completion of this offering.
It is calculated
by dividing the current closing price of the stock
by the latest quarter's
book value per share.
-- Price - to -
book ratio: Take the stock's price
per share and divide
by the company's
book value of equity.
«Berkshire's gain in net worth during 2017 was $ 65.3 billion, which increased the
per -
share book value of both our Class A and Class B stock
by 23 %.
Comprehensive loss to shareholders and
book value per share were impacted
by declines in both our fixed income and equity portfolios, driven
by an increase in interest rates and unfavorable movements in the equity markets during the period.
«Berkshire's gain in net worth during 2017 was $ 65.3 billion, which increased the
per -
share book value of both our Class A and Class B stock
by 23 %... A large portion of our gain did not come from anything we accomplished at Berkshire.
Determined
by dividing current stock price
by common stockholder equity
per share (
book value), adjusted for stock splits.
«This quarter, we increased tangible
book value per share by 11 percent while returning nearly $ 2.2 billion in capital to common shareholders.»
For an investment portfolio of $ 1,325
per share, at 7 % tax equivalent returns, Markel should earn $ 93
per share in equity next year, growing
book value by 17 % ($ 93
per share added to $ 543
per share).
The first is the Price to
Book Value ratio, which is literally calculated as market price per common share divided by book value per common sh
Book Value ratio, which is literally calculated as market price per common share divided by book value per common s
Value ratio, which is literally calculated as market price
per common
share divided
by book value per common sh
book value per common s
value per common
share.
A stock's price - earnings (P / E) ratio — its
share price divided
by its earnings
per share — is of particular interest to a
value investor, as are the price - to - sales ratio, the dividend yield, the price - to -
book ratio, and the rate of sales growth.
The price to tangible
book value ratio is simply the current price of the stock divided
by the latest quarterly tangible
book value per share.
Dividing the resulting number
by the number of
shares outstanding will give the
book value per share.
Throughout, earnings yield is equal to trailing twelve month operating income (EBIT) divided
by total enterprise
value, price to
book is equal to the price
per share divided
by the most recent quarter's
book value per share, price to earnings is equal to the price
per share divided
by trailing twelve month earnings
per share, and price to sales is equal to the price
per share divided
by the trailing twelve month revenue
per share.
Here, you can find
book value per share by dividing the
book value by the number of outstanding
shares.
The firm almost doubled its
book value per share over the last five years after it was hard hit
by the crash of 2008.
* The price /
book ratio, calculated
by dividing a company's stock price
by its
per -
share book value, an accounting measure of net worth.
By our calculations, CVS is paying about $ 205
per share for Aetna, or 4.4 times
book value.
Each shareholder's ownership interest is calculated
by dividing Equity
by the number of
shares outstanding at the measurement date -
book value per share.
If sold for more than «
book value per share», the premium will be
shared by all resulting shareholders.
Notes: Price: Closing price
per share; P / E: Price to earnings ratio; Total Return: The total return generated
by the stock over the last year; Dividend Yield: Expected - annual - dividend divided
by price, expressed as a percentage; P / B: Price to
Book Value Ratio; Earnings Yield: Earnings divided
by Price, expressed as a percentage
For an individual company, the price - to -
book (P / B) ratio is the current
share price divided
by a company's
book value (or net worth)
per share.
But looking at Shareholder Equity, (and dividing that
by the number of
shares held to get the
book value per share) if a company is able to earn, say, $ 1.50 on a stock whose
book value is $ 10, that's a 15 % return.
We also believe that for an index, or almost any general aggregate for that matter, corporate fundamentals can be measured
by accounting earnings and accounting net asset
value per share, i.e.,
book value.
I calculate Tangible
Book Value per share by subtracting «Goodwill» (69,967 m) and «Total Liabilities» (1,898,945 m) from Total Assets (2,129,046 m).
So
book value should decrease to $ 6.09
per share by 6/30/10.
The reasons for using this sort of equation is twofold: first,
by using dollar figures rather than earnings
per share and
book value per share, large companies are given their proper weight versus smaller companies.
By 12/31/09 the
book value had been reduced to $ 6.99
per share.
The sale should increase
book value by $ 1.50
per share.
That for a bank in a growing economy that has increased its
book value per share by 16 % annually over the last five years.
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.
Marketing add - on issues above
book value with regularity made it possible for the companies to report modestly increasing earnings
per share year
by year.
Price - to -
book -
value ratios: The
book value per share of a company is the
value that the company's
books place on its assets, less all liabilities, divided
by the number of
shares outstanding.
Buy the stocks that are the cheapest as measured
by the highest quintiles of
book value to price, and trailing twelve month earnings
per share to price.
By which I mean: As DCP's market cap gets much smaller again, any absolute variance in underlying intrinsic
value vs.
book value will be magnified in terms of NAV
per share (& NAV enhancement, if additional sale proceeds are also applied to
share buybacks).
But this is incorrect: he should have adjusted his cost base
by adding the $ 0.45 in reinvested distributions, resulting in a
book value of $ 15.45
per share.
Notes — Price: Closing price
per share; P / B: Price to
Book Value Ratio; P / E: Price to Earnings Ratio; Earnings Yield: Earnings divided
by Price, expressed as a percentage; Dividend Yield: Expected - Annual - Dividend divided
by Price, expressed as a percentage.
Return on equity: Is a percentage figured
by dividing a company's earnings
per share by its
book value.