Sentences with phrase «x tangible book value»
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.
https://valuestockguide.com/ Not exact matches
In the reinsurance industry, it is understood that buybacks above 1.3 x tangible book destroys value.
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.