Sentences with phrase «times book value»

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.

The upside is in higher rates, though at 1.07 times book value and with the average constituent earning an ROE of 11.1 %, investors certainly don't need higher rates to justify an investment.

«Grahamites... realized that some company that was selling at 2 or 3 times book value could still be a hell of a bargain because of momentums implicit in its position, sometimes combined with an unusual managerial skill plainly present in some individual or other, or some system or other.

However, it would require earning the equity premium twice, so that an 11 % to 12 % return on equity would be worth approximately two times the book value (2 % + 3 % + [2 × 3 %], using the numbers in our example).

Since the inflation and interest rates in the example are roughly in line with the current environment and the average return on equity is 12 %, Muhlenkamp is willing to pay two times book value per share or 17 times earnings per share for companies with a 12 % return on equity.

Given your belief that Berkshire's intrinsic value continues to exceed its book value with the difference continuing to widen over time, are we at a point where it makes sense to consider buying back stock at a higher break point that Berkshire currently has in place and would you ever consider stepping in buying back shares that did dip down below 1.2 times book value per share even if that prior years» figure had not yet been released?

The TAVF portfolio is currently priced at around 1 times book value while the Standard & Poor's Industrial Index is priced at around 4.6 times book value.

Warren, a year ago, you said Berkshire might increase its minimum valuation for share buybacks above 1.2 times book value if this occurred.

But it earns about the same return on equity as regulated utilities which trade for nearly two times book value, says Colin McWey, who helps manage the Heartland Mid Cap Value Fund (HRMDX).

For decades he has said he would only repurchase shares under certain conditions — specifically, if they're selling for less than 1.2 times book value, says David Kass, clinical professor of finance at the University of Maryland's Robert H. Smith School of Business.

«I am very knowledgeable and cognizant of what the S&P represents; [in 2015] it's an index of 500 companies, on an average they are growing about 5 percent a year, they yield about 2 percent, they trade a little under three times their book value.

«With Warren Buffett unable to find anything to buy, will he possibly decide to raise his standard, from 1.2 - times book value to 1.3 or higher?

And that hasn't happened; Berkshire is currently selling at roughly 1.4 times book value.

«To buy it now,» Kass says, «would imply that Buffett believes Berkshire's intrinsic value is above 1.4 times book value.»

Times are getting better, but the firm still trades at a bargain 5.1 times earnings and 0.86 times book value.

One of Graham's criteria suggested that defensive investors should avoid stocks trading for more than 1.5 times book value.

The presence of a motivated seller is a big reason why the stock trades at only 0.51 times book value.

Shares currently trade at about 3.6 times book value.

But don't let its seemingly high share price fool you; the stock currently trades at roughly 1.7 times book value, a fair premium for such a high - quality business.

Pacific Energy is trading at over 1.4 times its book value and over 1.7 times its tangible book value.

I would rather buy BRK at 1.4 times book value.

The theory behind the Woronoco investment was that the bank, a recently converted mutual, ought to enjoy an annual ROE of at least 10 % going forward (non-troubled banks normally have ROEs of 8 % to 20 %), and that in five years, Woronoco could be taken over at two times book value because it operates in an industry where takeovers at better prices than two times book value are fairly common.

If this 10 % annual ROE, and two times book value exit were to occur, the Internal Rate of Return (IRR) to TAVF on the investment would be 32 %.

Despite all the good news, Fairfax trades at only 1.5 times book value and at a forward price - to - earnings ratio of a mere 10.

But it offers a yield of 4.9 % and trades at just 7 times earnings and 0.9 times book value.

That helps explain why its stock trades at only nine times earnings and 0.9 times book value.

Its stock trades at 1.3 times book value after posting a total return of 46 % over the last 12 months.

The Bank of Montreal (BMO) offers a yield of 4.0 % and trades at 1.5 times book value.

If issued at 1.5 times book value, the proceeds need only earn a return equal to 2/3 of the pre-existing ROE for the EPS to remain the same.

And we realized that some company that was selling at 2 or 3 times book value could still be a hell of a bargain because of momentum implicit in its position, sometimes combined with an unusual managerial skill plainly present in some individual or other, or some system or other.

As for the current price, Markel is priced around 1.3 times book value, but the way I think about this is simply that 1.3 times book at 12 % ROE is simply 11 times earnings.

Before the crash in oil prices, GEOS traded at two to three times book value.

To illustrate, in the short - run, the stock of a poorly run bank which earns a ROE of only 10 % a year bought at 0.5 times book value may outperform the stock of a brilliantly run and highly profitable NBFC (ROE of 25 %) acquired at 2 times book value.

Shares of the largest companies on the Warsaw Stock Exchange also trade at an average of just 1.1 times book value.

The Canadian stock market trades at about 16 times earnings and at about 1.2 times book value.

It trades at 2.4 times book value and 1.4 times sales.

Russian stocks trade at 0.6 times revenue and 0.9 times book value.

Canada and the United States trade at an average of 1.8 and 2.8 times book value, respectively.

Think of software giant Microsoft, whose bulk asset value is determined by intellectual property rather than physical property; its shares have rarely sold for less than 10 times book value.

That's more than double the intrinsic value of the best insurance companies in the world (like Berkshire Hathaway, W.R. Berkley, or Markel), which I'd peg in the ballpark of two times book value.

By our calculations, CVS is paying about $ 205 per share for Aetna, or 4.4 times book value.

E * trade Financial, for instance, trades at only 1.25 times book value.

But it trades at 0.94 times book value and seven times earnings, which indicates that it could do quite well in less apocalyptic scenarios.

The current market cap, however, is only Rs 1,800 million i.e. the stock is selling at just two times book value offering you an starting earnings yield of about 19 % (340/1, 800)

It trades at 1.3 times book value and 4 times earnings while paying a 1.9 % dividend yield.

It changes hands at an average of 9.9 times earnings, 0.5 times sales and 1.6 times book value.

His firm recently announced it will buy back its stock when it trades under 1.1 times book value.

Before the financial crisis, many banks and other financial services companies earned 15 % on their equity, and their stocks were priced north of two times book value.

Munger recognized that «Grahamites... realized that some company that was selling at 2 or 3 times book value could still be a hell of a bargain because of momentum implicit in its position, sometimes combined with an unusual managerial skill plainly present in some individual or other, or some system or other.

Value Bancinsurance at 1 times book value.