This ratio can be slightly misleading because Assets are
carried at book value rather than market value which might scew this ratio depending on the age of the Assets.
Not exact matches
Since the late 1940s «concealed
value» in the form of real estate
carried at outdated
book values that reflect low acquisition prices was a major factor behind corporate raiding, mergers and acquisitions.
They sense the anti-Christian
value system it
carries and counsel believers to return to religious fundamentals which often include proscriptions against dancing, movies, plays, and rock concerts, and attempts
at censorship of media, especially films, TV, and
books.
No one has ever suggested this — what has been said, and is true, is that self - pubs do not
carry the vast overheads — New York premises, a lot of staff
at NY wages, doing something... that has little bearing on and adds little
value to the author's
book, and a need to pay huge advances — which may not be coming your way.
If we write the PP&E to zero and
carry everything else
at book value, HRT is worth around $ 2.67, which, while not enough of a discount to get excited about, still offers a 16 % margin of safety.
It also includes real estate, which is
carried on the
books at the original price and fails to reflect its current market
value (as seen very clearly above in the example of Loblaw).
$ 33.8 million), about twice the
value, I believe,
at which it was
carried it on the
books.
I would attribute MFCAF's phenomenal growth in
book value to these deals, as they were
carried at 0
book value even though their
value is much higher than 0.
Notably, DCP
carries MMM on its
books at $ 24 million, but highlights a commissioned valuation report which
values the stake «
at an amount significantly higher than its current
carrying value».
New accounting rules require that the second mortgages be
carried on the
books at market
value, now an estimated 90 percent less than their cost.