Sentences with phrase «equity at book value»

For public utilities, the debt should not exceed twice the stock equity at book value.

Not exact matches

During that earlier period, American business earned an average of 11 percent or so on equity capital employed and stocks, in aggregate, sold at valuations far above that equity capital (book value), averaging over 150 cents on the dollar.

It's trading at a cheap 0.9 times book value and has a low debt to common equity of 16.4 %.

The Bank of Georgia, a leading bank in the Eurasian country, has had a return on equity of more than 20 % for a number of years, despite trading at book value.

European equities, as represented by the S&P Europe 350 Index, are now trading at less than 12x forward earnings and 1.3 x book value.

With this method, assets are measured at their gross book value rather than at net book value in order to produce a higher return on equity (ROE).

According to a note from Macquarie Equities, «with a book value per share of around $ 1.30 and farmers have purchased shares at $ 1 - $ 1.20, so we think any whole company proposal would need to reflect good value to achieve the 75 - 90 per cent required farmer sign - off (under various structures).»

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 MSCI EM equity index is trading at roughly 1.35 x book value, more than 50 % cheaper than the S&P 500, as Bloomberg data shows.

All companies have a book value, so you take a look at your equity, your assets, your liabilities, and everything else and then, you know, an accounting firm says, «well, here's your book value.»

The company trades at a price equal to its book value, with return on equity coming in at just under 11 %.

Each shareholder's ownership interest is calculated by dividing Equity by the number of shares outstanding at the measurement date - book value per share.

And growing book value (producing high returns on equity over time) is something that Markel has excelled at:

Return on Equity, a measure of how much income companies are making based on their book value, is at an all time low.

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.

I wouldn't value the equity at anything better than a 0.67 Price / Book ratio for the moment — but this still offers some nice upside from the current share price.

In fact, the cyclically adjusted price - to - earnings ratio (CAPE) 1 for U.S. equities is at a record high relative to its past history — in the 100th percentile2 — while price - to - book (P / B) ratios are in the 96th percentile3 of historical values.

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.

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.

Corporations which need relatively regular access to equity markets to raise new funds, will tend to pay out 70 % to 80 % of earnings as dividends in order to give these companies enhanced ability to sell new issues of common stocks, say every 18 months to two years, at prices reflecting a premium over book value.

The returns of the Value vs. Growth portfolio were constructed using data that can be found at Kenneth R. French's website, where a value stock is defined as one having high Book Equity to Market EqValue vs. Growth portfolio were constructed using data that can be found at Kenneth R. French's website, where a value stock is defined as one having high Book Equity to Market Eqvalue stock is defined as one having high Book Equity to Market Equity.

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.

The larger REITs have seen large buying for yield seekers, ETFs and asset allocators that has driven the valuation of large REITS like Simon Properties (SPG) and Mr. Zell's own Equity Residential Properties (EQR) prices up to 2 times book value and higher, while many of the smaller ones have languished and trade at discounts to their asset value.