Sentences with phrase «use tangible book value»
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.
https://longtermvalue.wordpress.com/ Not exact matches
Shortly after running that backtest, I realized that many value investors probably actually prefer using price to tangible book value.
A ratio used to compare a stock's market valuation to its (tangible) book value.
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.
Yet how many CEOs gain bonuses partially off of sales and other meaningless criteria — far better to use something like five - year increase in fully converted tangible book value per share.