Sentences with phrase «tangible book value for»

As with our pay - for - performance model, operating cash flow is replaced with: (i) tangible book value for companies in the Banks, Diversified Financials and Insurance sectors; and (ii) funds from operations for REITs, with the exception of Mortgage and Specialized REITs.

Not exact matches

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

Therefore, if you purchase shares of our Class A common stock in this offering, you will experience immediate dilution of $ per share, the difference between the price per share you pay for our Class A common stock and its pro forma net tangible book value per share as of September 30, 2010, after giving effect to the issuance of shares of our Class A common stock in this offering.

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.

* Change in operating cash flow is replaced with: (i) tangible book value per share growth for companies in the Banks, Diversified Financials and Insurance sectors; and (ii) growth in funds from operations for REITs, with the exception of Mortgage and Specialized REITs.

Trading near tangible book value, Goldman offers an attractive price for a business that earns a significant amount of revenue from high return asset management and underwriting and advisory services.

Luckily for them both, the $ 8 - 10 Paperback is actually competitively priced vis - a-vis e-books with the value add of being a tangible, physical good, and with a little effort I suspect that the $ 12 - 20 TPB could easily supplant the Hardcover as the «lead» version of paper books.

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.

Moreover, the average excess returns from 2001 to 2011 for the top quintile for price to tangible book value (5.23 %) exceed that of the price - to - book ratio (4.89 %).

The results for the 10 - year price to tangible book value ratio backtest are as follows:

I thought the 5th quintile would also result in lower average excess return for price to tangible book value given that it outperformed in the 1st quintile.

However, the P / B ratio had average excess returns of -3.84 % from 2001 to 2011 versus -3.62 % for the price to tangible book value ratio.

Using the measure of tangible book value per share penalizes acquisitive companies, unless they can buy companies for less than their tangible book value per share.

By the way, I asked Heiserman about the tendency for some large - cap blue chips — names like Procter & Gamble, IBM, and Altria — to have a high intangible assets ratio and negative tangible book value.

For Schwab, the company's tangible book value has increased 207 % since the last dividend hike in 2008.

They trade for 11.1 times next year's estimated earnings, and only 0.6 times tangible book value.

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 threshold will be different in other industries because the value of intangibles will differ — but for industries where intangibles mean little, that 1.3 x tangible book can be a useful limit.

This being retail, actually the former is probably more appropriate, but you can't teach an old dog new tricks; I have always liked to use tangible book value as a proxy for intrinsic value, so that's what I did here.

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

This represents a gain in our net tangible book value of $ 2.52 per share for the benefit of our current stockholders, and dilution of $ 1.74 or 39 % of the public offering price, for investors in this offering.

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.

I determine the tangible book value per share of a company (whether supplied on the annual report or not) for each company that I analyze.

My thesis about the common moving back toward book value proved out; the common shares have moved up from 40 % to close to 80 % of tangible book and I decided it was not worth the extra 10 % (I had set 90 % as my goal) given my view that the market is quite overextended and the potential for a significant pullback quite high.

Book value: The portion of the carrying value (other than the portion associated with tangible assets) prorated in each accounting period, for financial reporting purposes, to the extracted portion of an economic interest in a wasting natural resource.