| 单词 | book value |
| 例句 | When two partners divide up the profits of a business between them they assign a notional book value to the stock in hand. The Invention of Science 2015-09-17T00:00:00Z Mr. Perelman’s first deal in New York was the acquisition of Cohen-Hatfield, a jewelry company then trading on the American Stock Exchange for a fraction of its book value. The Debt King 2022-01-07T05:00:00Z People who think the stock might crater again are missing the strength of these results and let us not forget that book value just shot up dramatically. Ford Sees North America As Engine For Growth 2012-01-27T16:59:06Z Historically, the sale price of regulated water systems has been determined by the book value of their assets, including pipes and treatment plants. Sewer rates soar as private companies buy up local water systems 2023-11-12T05:00:00Z Citi hopes the reorganization will revive its share price, that has been lagging below half of book value for awhile, and will give the CEO more direct control over its businesses. Citigroup outlines layoff process, reassignments in overhaul -memo 2023-10-04T04:00:00Z This is fairly easy with some items, such as boats and cars, because the book value of such an item can be reliably located. How To Figure Fair Market Value For Donations Of Property To Charities 2018-02-13T05:00:00Z Why calculating book value makes sense Many investors are looking for an objective measure of where a company stands in comparison to the market. How To Calculate The Book Value Of A Company 2018-03-21T04:00:00Z The P/B ratio of a stock can be calculated by dividing the current share price by the book value per share. Calculating Outstanding Shares and Stock Investing Opportunities 2018-04-09T04:00:00Z A detailed review of the accounting error found that replacement costs, rather than book value, were used to calculate the value of equipment pulled from Pentagon stocks for Ukraine, according to Singh. NOT REAL NEWS: A look at what didn’t happen this week 2023-09-15T04:00:00Z Among industries, banks, most of which are trading below their book value, have the highest disclosures, with about 70% having disclosed measures or planning to do so, the TSE said. Nearly 70% of Japan firms yet to outline better capital efficiency plans 2023-08-31T04:00:00Z Forty-six percent of companies with PBR below 0.5 times have disclosed specific steps or have said they plan to do so, suggesting TSE's move was a wake-up call for firms trading below book value. Nearly 70% of Japan firms yet to disclose strategies for better capital efficiency 2023-08-31T04:00:00Z The answer is that book value does not take into account these intangible assets. How To Calculate The Book Value Of A Company 2018-03-21T04:00:00Z Given elevated valuations of industry peers, Macquarie analyst Paul Golding said he sees potential upside of $31.4 billion for Arm from its current book value. SoftBank seen returning to profit as tech stocks gain 2023-08-07T04:00:00Z "People complain that many Japanese firms are trading below their book value, but someone has to come up with specific plans," he said. Nidec's acquisitive CEO hails new Japan rules aimed at making takeovers easier 2023-07-23T04:00:00Z In March, the exchange laid out a plan that would force companies trading below their book value to increase their stock prices. Investors Are Putting Big Money Into Japan Again. Here’s Why. 2023-06-14T04:00:00Z Among industries, banks, most of which are trading below their book value, have the highest disclosures, with about 70% having disclosed measures or planning to do so. Nearly 70% of Japan firms yet to disclose strategies for better capital efficiency 2023-08-31T04:00:00Z When it comes to determining the value of a company to determine whether to invest, one of the most important measures is book value. How To Calculate The Book Value Of A Company 2018-03-21T04:00:00Z On paper, UBS does not seem to need any public funds, with a nearly $35 billion financial cushion from buying Credit Suisse at a fraction of its book value. Explainer: UBS has Swiss mountain to climb with Credit Suisse 2023-06-12T04:00:00Z Ueda also said that in principle, the central bank plans to sell the ETFs at market value, instead of book value. Japan central bank's ETF holdings under scrutiny as govt seeks revenue 2023-06-07T04:00:00Z "If property price fell, it will negatively impact the developers' book value of equity, and it might need to do restructuring again," said John Lam, UBS head of China property research. Analysis: Debt restructuring no panacea for Chinese developers as challenges loom 2023-05-18T04:00:00Z "For JPM, we believe the purchase is modestly accretive to EPS and tangible book value, has manageable risk and can be additive to its wealth management franchise." JPMorgan buys First Republic Bank's assets 2023-05-01T04:00:00Z The book value of an asset can give you a sense of whether its shares are overvalued or undervalued at any given time. How To Calculate The Book Value Of A Company 2018-03-21T04:00:00Z A TSE analysis showed about half of the 1,800 companies on the exchange's prime section were trading below their book value in January, meaning the market is under-pricing the shares. Analysis: Investors seek to break through Japan Inc's 'value trap' 2023-04-20T04:00:00Z UniCredit trades at a discount to its book value, and Orcel has repeatedly said his goal is to lift the share price to trade in line with the book value. UniCredit kicks off first tranche of share buyback for 2.34 bln euros 2023-04-03T04:00:00Z Mr. Seru is a co-author of a study that tracked bank asset values as interest rates rose and found that their total market value was $2 trillion lower than suggested by book value. The Fed’s Dilemma: Raise Rates During a Banking Crisis? 2023-03-21T04:00:00Z Goldman's offer for the portfolio was worth $1.8 billion less than the book value SVB had assigned to it, because a rise in interest rates had made it less valuable. Analysis: For Goldman Sachs, SVB's botched stock sale had a silver lining 2023-03-16T04:00:00Z With this in mind, the book value is the total aggregation of the assets a company has on its books. How To Calculate The Book Value Of A Company 2018-03-21T04:00:00Z Crucially, the collateral will be valued at par, with no haircut, meaning banks can use bonds that are trading below book value without having to realise any losses. Morning Bid: Bank rescue leaves Fed in a rate bind 2023-03-13T04:00:00Z "Trading at about half of book value and almost a 4% yield is attractive in this environment," said Thomas Hayes, chairman and managing member at New York-based equity manager Great Hill Capital LLC. Citigroup technicals indicate rally may extend even as Wall Street remains wary 2023-02-01T05:00:00Z With about half of its companies trading below their book value, Japan has become one of the world's most popular destinations for activists looking for targets with big potential for change. Tokyo booms for shareholder-relations advisers as activists raise pressure 2023-01-31T05:00:00Z But about half of some 1,800 companies on the prime section are trading below their book value, according to the TSE. Tokyo bourse proposes 2025 end of grace period for listing rules 2023-01-25T05:00:00Z Calculating book value The place to start when calculating the book value of a company is that company’s balance sheet. How To Calculate The Book Value Of A Company 2018-03-21T04:00:00Z Polygree has slashed its minimum IPO offer price to its book value of 5.79 yuan a share, 64% lower than the floor set in June, according to its latest prospectus this week. Listing hopefuls on Beijing bourse slash floor IPO prices 2023-01-12T05:00:00Z In steadier times, buyers usually extract modest discounts against book value, but these have lately widened dramatically. Turnover surges as funds rush to exit private equity stakes 2022-12-19T05:00:00Z The council recently admitted it had effectively written off £275m from its investments, which have a book value of more than £1bn. Thurrock Council poised to issue financial distress warning 2022-12-12T05:00:00Z About three quarters of of the authority's investments, which have a book value of more than £1bn, were "high value and high-risk", the report states. Thurrock Council reveals 'grave' £469m hole in its budget 2022-11-29T05:00:00Z Once you have found the balance sheet, calculating book value is all about adding up the cost of known assets. How To Calculate The Book Value Of A Company 2018-03-21T04:00:00Z Annaly Capital Management, the largest mortgage REIT, recently said its book value — the value of its assets minus its liabilities — had fallen around 15 percent as result of the sell-off in the mortgage market. Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.) 2022-11-03T04:00:00Z Analysts calculated the shares could be priced at a discount of just over 60% to the bank's tangible book value - making them more expensive than UniCredit's. Analysis: Draghi's fall leaves Monte dei Paschi's cash call in the lurch 2022-07-22T04:00:00Z One measure that investors like Cronin are monitoring is how bank share prices compare with book value - bank assets minus their liabilities. Analysis: Investors wary of cheap U.S. bank stocks on recession fears 2022-07-12T04:00:00Z The debt-raising spree comes as China's monetary easing pushes down interest rates, and as capital raising via share sales is unlikely with most banks trading well below book value. China's banks scramble to raise capital and answer calls to support economy 2022-06-15T04:00:00Z The limitations of book value You might be wondering where in the book value of a company you add in the cost of intellectual property. How To Calculate The Book Value Of A Company 2018-03-21T04:00:00Z The amount includes a 2 billion euro hit to Rosbank’s book value, with the rest linked to the reversal of rouble conversion reserves. Factbox-Companies count the cost of ditching Russia 2022-05-12T04:00:00Z The financial hit of 3.1 billion euros comprises 2 billion euros on Rosbank’s book value with the rest linked to the reversal of rouble conversion reserves. SocGen boosts income but costs of Ukraine war rise 2022-05-05T04:00:00Z Prices are considered cheap when they are trading at or below book value, and become "more interesting" as potential investments, he said. Analysis: Investors wary of cheap U.S. bank stocks on recession fears 2022-07-12T04:00:00Z Concern over profitability has pushed bank shares to roughly half of their book value on average. China's banks scramble to raise capital and answer calls to support economy 2022-06-15T04:00:00Z The amount comprises a 2 billion-euro hit on Rosbank’s book value and the rest is linked to the reversal of rouble conversion reserves. Factbox - Companies count the cost of ditching Russia 2022-04-29T04:00:00Z That's because changes in capital, also known as book value, can be a better indicator than earnings of whether companies are creating value for shareholders or piling up losses to be realized later. Analysis: As bond prices swoon, U.S. banks may slow stock buybacks 2022-04-07T04:00:00Z The Dublin-based lessor, which had 5% of its fleet by net book value leased in Russia at the end of 2021, had the largest exposure of any lessor to Russia when the sanctions were introduced. Aircraft leasing company Aercap says potential Russian losses 'manageable' 2022-03-30T04:00:00Z If aggressive rate hikes result in a deep recession this year or early next year, the top 20 U.S. bank stocks could potentially average as low as 65% of book value, according to RBC analysts. Analysis: Investors wary of cheap U.S. bank stocks on recession fears 2022-07-12T04:00:00Z Air Lease, which had less than 5% of its fleet by net book value on lease to customers in Ukraine and Russia, added it was making "good headway" in cutting exposure to the sanctions-hit country. Air Lease says Russian law on leased aircraft to help with insurance claims 2022-03-16T04:00:00Z BOC Aviation said its 18 planes leased to Russian airlines had a book value of $935 million and could also be affected by insurance policy cancellations after Russia's invasion of Ukraine. BOC Aviation says sanctions deadline to end Russian leases is 'unrealistic' 2022-03-10T05:00:00Z The company says about 5% of its fleet by net book value was on lease to Russian airlines at the end of 2021. Factbox: Corporate ties to Russia uprooted as sanctions tighten 2022-03-01T05:00:00Z AerCap said it would cease its leasing activity with Russian airlines in compliance with sanctions, adding that as of Dec. 31 5% of its fleet by net book value was leased to Russian carriers. Hundreds of Russia plane leases to be axed after EU sanctions 2022-02-28T05:00:00Z Citi’s stock price is currently trading below the value of its assets, whereas most big banks trade at premiums to their book value. Citigroup readies wide-ranging plan to win over skeptics 2022-02-23T05:00:00Z Any sale would give MetLife only a fraction of whatever book value is divested in terms of proceeds. MetLife explores sale of variable annuity business - sources 2022-02-11T05:00:00Z "The recovery in profitability from the third quarter, increase in its book value, and outlook for 2022 should help support its valuation moving forward." Manulife and Sun Life earnings rise on asset management growth 2022-02-10T05:00:00Z In addition to testifying that AT&T provided 90% of Herring Networks’ income, the accountant said the company’s book value – the net value of its assets – was a modest $16.6 million. Special Report: How AT&T helped build far-right One America News 2021-10-06T04:00:00Z Its annual nonprofit Form 990 filings with the IRS show that the book value of the organization's assets has been as high as $54 million in recent years. Troubled waters: USA Swimming's struggle to cover up its sexual abuse crisis 2021-06-26T04:00:00Z The Japanese trading companies in many ways appear to be a typical Buffett investment: four of them trade well below book value, meaning their market capitalizations were below their assets. Warren Buffett looks to Japan, takes 5% stakes in five biggest trading firms 2020-08-31T04:00:00Z Ford said it would reduce the customer’s balance by the vehicle’s book value, and then waive up to an additional $15,000. Interest Rates Are Low, but Loans Are Harder to Get. Here’s Why. 2020-08-04T04:00:00Z The old policy allowed buybacks only at prices up to 1.2 times book value. Buffett's Berkshire Hathaway reduces share count, suggesting possible buybacks 2020-07-10T04:00:00Z The banks sector’s forward price-to-book ratio, comparing prices to book value estimates, tumbled starting in February as the coronavirus pandemic scared off investors. U.S. banks attract bargain hunters though hurdles to growth remain 2020-06-04T04:00:00Z It added the transaction would generate a negative 0.82 billion euro impact on first quarter earnings partly due to the difference between the market value of the stake and its book value. UniCredit cuts further its stake in Turkey's Yapi Kredi 2020-02-06T05:00:00Z The sector is “cheap on cash flow, cheap on dividend yield, it is cheap on book value,” said Stephen Massocca, Senior Vice President at Wedbush Securities in San Francisco. December bump in oil prices not enough to salvage energy earnings 2020-01-30T05:00:00Z If a new owner were to pay more than the net book value of PG&E’s assets, that might be passed on to customers in the form of higher rates in the future. What the battle over control of PG&E means for U.S. utility customers 2019-11-20T05:00:00Z The other $30 million retained by the firm would, roughly speaking, generate a $30 million increase in the book value of the company. Perspective | Warren’s plans to pay for government health care aren’t courageous. They’re a cop-out. 2019-11-07T05:00:00Z Moreover, though it is not uncommon for Japanese stocks to trade well below book value, Unizo lacks the defenses from hostile takeovers that domestic companies traditionally enjoy. What makes Japanese hotelier Unizo attractive for Blackstone and Elliott? 2019-10-17T04:00:00Z Its ratio of price to tangible book value, meanwhile, is lower than it’s been since the late 1980s! The Motley Fool: Beginners guide to stocks The Motley Fool: Do some homework before investing in stocks 2019-09-07T04:00:00Z The ratio of corporate borrowing to a variety of metrics — profits and assets, book value or the size of the overall economy — is at or near an all-time high. Perspective | The shadow banks are back with another big bad credit bubble 2019-05-31T04:00:00Z According to the conference, the per-school distribution figure for FY18 listed in the federal tax filings — about $29.5 million — represents the audited book value, which reflects the absence of Rose Bowl income. Pac-12 revenues dipped by $12 million in 2018, while commissioner Larry Scott’s salary increased 2019-05-20T04:00:00Z Occidental challenged Chevron’s initial bid last month, offering $57 billion in cash and stock, including debt and book value of non-controlling interest. Chevron bows out of fight for Anadarko 2019-05-09T04:00:00Z “The big banks are growing their book value per share, reducing share outstanding, while sporting attractive dividend yields.” Factbox: Investors shop for bargains in U.S. bank stocks, citing... 2019-04-17T04:00:00Z That would be the highest order book value since a record issuance by Qatar last year, which attracted around $52 billion in orders. Demand for Aramco's debut bonds at over $50 billion: sources 2019-04-08T04:00:00Z But as policy interest rates are cut, book values will recover, they say. As appetite for Asia improves, cautious investors leave banks till... 2019-03-06T05:00:00Z Finally he said Berkshire will likely buy back “significant” amounts of stock in future years, causing book value to fall. In a shift, Buffett says focus on Berkshire's stock price 2019-02-23T05:00:00Z With REITs, the book value of their properties is decreased over time, with the depreciation charged against their net income, reducing it. The Motley Fool: buy-side, sell-side analysts 2019-02-23T05:00:00Z Many of them also trade below their book value. Tokyo's drive to expel zombie stocks hits small caps 2019-02-19T05:00:00Z The Berkshire decline reflects Apple’s impact on the Omaha, Nebraska-based company’s book value, which measures assets minus liabilities and is a favored growth gauge for Buffett. Apple plunge deepens Warren Buffett's book value woes 2019-01-03T05:00:00Z Under current accounting rules banks may book an asset, such as a loan, at its initial book value until that transaction is completed, either profitably or not. South Carolina editorial roundup 2018-11-07T05:00:00Z A possible fourth reason is that changes in the prices of Apple Inc and other stocks in Berkshire’s $172.8 billion equity portfolio also affect book value. In a shift, Buffett says focus on Berkshire's stock price 2019-02-23T05:00:00Z The previous policy limited them to purchasing stock only when the price was below a 20% premium to book value. With gobs of cash and few places to put it, Buffett spends nearly $1 billion on share buybacks - Los Angeles Times 2018-11-03T04:00:00Z The number is labeled “book value” on a company’s balance sheet. Advice on Dealing With the Market, if You Are Already a Pro 2018-10-12T04:00:00Z The announcement by ArcelorMittal on Friday did not disclose the value of the disposals, though investment bank Jefferies said they are unlikely to achieve a book value it estimates at $1 billion. ArcelorMittal sells assets to Liberty House to facilitate Ilva deal 2018-10-12T04:00:00Z Deutsche Bank analysts estimate a worst case scenario would translate into a hit of around 4 percent for ING’s book value due to the loss of equity as well as of intragroup funding. Factbox: European banks' exposure to Turkey 2018-08-13T04:00:00Z Berkshire’s old buyback policy prohibited buybacks when the stock price exceeded 1.2 times book value per share, or assets minus liabilities. Berkshire shares climb after Buffett is empowered to buy back more... 2018-07-18T04:00:00Z Fairchild believes unreliable book values mean some companies classified as growth stocks are actually value stocks. What's a stock worth? In the new economy, traditional accounting has its critics 2018-06-08T04:00:00Z Most ships have an official lifespan of 30 years, the amount of time it takes for the asset to depreciate to 15% of its original book value. Add a zip line, and that aging cruise ship is ready to party on 2018-06-01T04:00:00Z While that is only half of its book value, it is more than investors attribute to it today. Should one of the world’s largest banks be wound down? 2018-04-19T04:00:00Z In a worst case scenario, the banking group would lose 1.7 percent of its net book value, they say. Factbox: European banks' exposure to Turkey 2018-08-13T04:00:00Z In Buffett’s case, he has said the right price for a Berkshire buyback would be below 120 percent of the conglomerate’s book value, which is assets minus liabilities and intangible assets such as brand recognition. America’s biggest companies are announcing buybacks. But whose cash is it, anyway? 2018-04-13T04:00:00Z It’s been losing money for almost three years, and its book value — what’s left if you sell off the assets and repay debt — is negative. What's a stock worth? In the new economy, traditional accounting has its critics 2018-06-08T04:00:00Z Holland America Group and Carnival UK, says investments in older ships are worth it, particularly if one is in good shape and has a loyal following and low book value. Add a zip line, and that aging cruise ship is ready to party on 2018-06-01T04:00:00Z These levels of profitability are enough to justify their current valuations of 1 and 1.7 times book value, respectively. Banks Still Waiting for Tax-Overhaul Borrowing Boost 2018-04-13T04:00:00Z One is measuring Berkshire’s own book value and how this increases. Inside Warren Buffett’s deal machine 2018-03-08T05:00:00Z Berkshire’s current share price of about $300,000 is about 150 percent of book value, which many think is too expensive. America’s biggest companies are announcing buybacks. But whose cash is it, anyway? 2018-04-13T04:00:00Z He said he would be “more inclined” to buy back stock than pay dividends, and might raise the repurchase threshold from 1.2 times book value. Buffett sets big goals for CEO of Bezos-Dimon health venture 2018-02-26T05:00:00Z Each year, Mr. Buffett highlights the change in Berkshire’s book value, a measure of the company’s net worth. Buffett’s Annual Letter: Berkshire Records $29 Billion Gain From Tax Law 2018-02-24T05:00:00Z Still, the bank’s shares trade in line with its book value, suggesting returns will improve. The Santander experiment 2018-02-22T05:00:00Z Berkshire will on Saturday also release year-end results expected to include a big jump in book value, a key gauge of growth at his Omaha, Nebraska-based conglomerate. Buffett letter may tout optimism as broader market worries ebb 2018-02-22T05:00:00Z Even if investors don’t want to believe it—the banks are trading at their book value—the channels for offloading bad debt are quickly narrowing. China’s Bad Banks Face a Case of Indigestion 2018-02-02T05:00:00Z Berkshire’s stock traded at roughly 1.44 times book value based on Friday’s market close. Buffett sets big goals for CEO of Bezos-Dimon health venture 2018-02-26T05:00:00Z The tax benefit made up a hefty 45 percent of the book value increase. Buffett’s Annual Letter: Berkshire Records $29 Billion Gain From Tax Law 2018-02-24T05:00:00Z So far, investors don’t seem troubled: Ping An Bank trades at 1.4 times its book value, the highest among Chinese banks barring outlier China Merchants Bank. Chinese Banks’ Sudden Strategy Shift Isn’t Risk-Free 2018-01-22T05:00:00Z Berkshire will on Saturday also release year-end results expected to include a big jump in book value, a key gauge of growth at his Omaha, Nebraska-based conglomerate. Buffett letter may tout optimism as broader market worries ebb 2018-02-22T05:00:00Z China’s listed insurers now trade on average at over twice their book value, implying the market believes their balance sheets grossly underestimate their true worth. Time For A New Policy on Chinese Insurance Giants? 2018-01-18T05:00:00Z He said he would be “more inclined” to buy back stock than pay dividends, and might raise the repurchase threshold from 1.2 times book value. Buffett sets big goals for CEO of Bezos-Dimon health venture 2018-02-26T05:00:00Z The company’s book value rose 23 percent, while its stock price climbed 21.9 percent. Buffett’s Annual Letter: Berkshire Records $29 Billion Gain From Tax Law 2018-02-24T05:00:00Z In particular, he assesses how a company’s book value — the net accounting value of its assets — compares to market values. These 3 Mutual Funds Reaped Big Gains From Small Companies 2018-01-12T05:00:00Z But book value, or assets minus liabilities, was up 8.9 percent. Buffett's latest milestone: Berkshire stock hits $300,000 2017-12-18T05:00:00Z By contrast, investors are much more cautious on Chinese state-owned banks, which trade around their book value. Time For A New Policy on Chinese Insurance Giants? 2018-01-18T05:00:00Z Berkshire’s stock traded at roughly 1.44 times book value based on Friday’s market close. Buffett sets big goals for CEO of Bezos-Dimon health venture 2018-02-26T05:00:00Z JPMorgan Chase and Wells Fargo each trade around 50 percent above their book value. Tax Cuts Could Boost U.S. Bank Stocks. But Other Issues Are More Pressing. 2017-10-12T04:00:00Z “The book value was about $20 a share, and I bought at about $4. Even if you took the value of the newsprint away, it was still worth more than $4.” These 3 Mutual Funds Reaped Big Gains From Small Companies 2018-01-12T05:00:00Z But book value, or assets minus liabilities, was up 8.9 percent. Buffett's latest milestone: Berkshire stock hits $300,000 2017-12-18T05:00:00Z The debt represents 80 percent of the “book value” of the utility’s assets, though actual worth depends on what a buyer’s willing to pay, Carter said. Legislators: SC utility won’t be sold at ‘fire sale price’ 2017-10-11T04:00:00Z “Vive remains in the red; free cash flow is negative; book value is eroding; and sales growth is decelerating,” JP Morgan analyst Narci Chang said in a note following the Google deal. At smartphone pioneer HTC: a new, or virtual, reality 2017-09-22T04:00:00Z Even so, selling that first slice for anything less than book value is likely to be politically unpalatable. Balancing Politics and Pragmatism in Irish Bank I.P.O. 2017-05-31T04:00:00Z Barclay's analyst Jay Gelb, quoted in the article, forecast Berkshire's book value rising 9 percent to 10 percent annually over the next two years. Buffett's Berkshire Hathaway set for growth through 2018: Barron's 2017-05-21T04:00:00Z The transaction price for Convergex would be adjusted based on the tangible book value of the company at time of closing, which is expected by the end of the second quarter of 2017. Cowen Group to Buy Brokerage Firm Convergex for $116 Million 2017-04-03T04:00:00Z Iceberg said in its report that Noble was not worth its book value. Noble shares plunge after Iceberg questions Sinochem deal prospects 2017-02-24T05:00:00Z “Vive remains in the red; free cash flow is negative; book value is eroding; and sales growth is decelerating,” JP Morgan analyst Narci Chang said in a note following the Google deal. At smartphone pioneer HTC: a new, or virtual, reality 2017-09-22T04:00:00Z Allied Irish may price at book value, but Dublin should think that more than generous. Balancing Politics and Pragmatism in Irish Bank I.P.O. 2017-05-31T04:00:00Z The company confirmed local reports that it would book an impairment loss owing to a recalculation of the book value of a company purchased by Toshiba’s U.S. nuclear subsidiary, Westinghouse Electric Co. Toshiba Expects Hefty Write-Down Related to U.S. Nuclear Unit Westinghouse 2016-12-27T05:00:00Z Even after this week’s leap, UniCredit’s shares were trading at below one-third of net book value. Italy’s biggest bank unveils a recapitalisation plan 2016-12-15T05:00:00Z The two deals combined would already be bigger than the company’s book value of $8.2 billion. Asahi’s European Beer Binge Leaves Bitter Taste 2016-12-13T05:00:00Z He said in April that the odds were "extremely high" that Berkshire would buy back "a lot" of stock if the price fell below 1.2 times book value. Buffett's Berkshire could get $29 billion Trump tax boost: analyst 2016-12-05T05:00:00Z Yet Bank of Ireland currently trades at 84 percent of its estimated book value for the next 12 months, according to Thomson Reuters Eikon. Balancing Politics and Pragmatism in Irish Bank I.P.O. 2017-05-31T04:00:00Z Toshiba took a ¥260 billion impairment charge in its last fiscal year due to downgrading the book value of Westinghouse itself. Toshiba Expects Hefty Write-Down Related to U.S. Nuclear Unit Westinghouse 2016-12-27T05:00:00Z At 1.8 times forecast book value, AIA is higher-valued than peers thanks to its growth, but it is trading below its own long-term average and is at its lowest in six months. AIA Missed Trump Rally, but Is Ready to Roll 2016-11-22T05:00:00Z Most now trade at a roughly 30% discount to underlying book values—a level not seen since the 2011 European debt crisis. London Offices: Brexit Isn’t the Only Problem 2016-11-17T05:00:00Z And all four still trade relatively cheaply, at below or close to book value. Four Midsize Banks With Room to Run Under Trump 2016-11-15T05:00:00Z Expect Allied Irish’s owners to suggest comparisons further afield, then — like Lloyds Banking Group of Britain, which trades at 1.1 times book value. Balancing Politics and Pragmatism in Irish Bank I.P.O. 2017-05-31T04:00:00Z And their equity isn't strong currency: Japanese banks trade at a price that is on average half of their book value. Why Japanese Banks Lack Deal Mojo 2016-11-07T05:00:00Z It is racing to raise the cash and offload some 28 billion euros in bad loans at below book value. Monte dei Paschi set to name shareholder Falciai chairman: sources 2016-11-05T04:00:00Z Yet on a valuation basis, it now trades at 1.9 times forecast book value, at par with its long-term average since its initial public offering. Chinese Capital Controls Aren’t So Scary For AIA 2016-10-31T04:00:00Z The plan calls for the sale of 28 billion euros in bad loans at below book value and the raising of fresh capital by the end of December. Monte dei Paschi to launch debt conversion after Nov. 24 2016-10-25T04:00:00Z But Wells Fargo’s premium valuation, at 1.3 times book value, already takes that superior return into account, even after the stock shed some 11% of its value since the account-opening scandal first broke. Wells Fargo Enters Fog of Uncertainty 2016-10-14T04:00:00Z It also created capital, by retiring debt below book value. With a Fine Looming, Deutsche Bank Is Still Issuing Debt 2016-10-12T04:00:00Z That price represents a premium of about 20% to the unit’s book value. CIT Faces Headwinds Even Without Air Unit 2016-10-07T04:00:00Z Chinese banks already listed in Hong Kong trade at roughly a 20% discount to the book value of their assets: investors think their loan losses are higher than officially reported. Cornering the market 2016-09-29T04:00:00Z Yet they trade for half of their book value. Japanese Banks: New Policy, Same Old Pain 2016-09-26T04:00:00Z The stock trades at 27 times revenue and 10 times book value. Another $10 Billion Hong Kong Stock Market Mystery 2016-09-26T04:00:00Z After the shares’ latest tumble, Deutsche trades at around a quarter of the net book value of its assets. Won’t pay! Can’t pay? 2016-09-22T04:00:00Z That should be achievable, even for a bank trading at barely one-quarter of book value. UniCredit: Italy’s Biggest Bank on High Wire to Redemption 2016-09-21T04:00:00Z With the shares trading at less than 30% of forecast 2016 book value—and a decent return on equity still unachievable for several years—selling new shares would be difficult for the bank. How Deutsche Bank Will Be Hurt by Mortgage Fines 2016-09-16T04:00:00Z At one point, he reminded Mr. Boies that the state’s case rested partly on the impact of the General Re transactions on A.I.G.’s stock price, not its earnings or book value. Trial Begins for Maurice Greenberg, Ex-A.I.G. Chief Accused of Fraud 2016-09-13T04:00:00Z For the behemoth state-owned banks, though, there’s a barrier to raising equity: A rule stipulates shares can’t be sold for less than book value, to bar the sale of assets on the cheap. Why Chinese Bank Stocks Can’t Fly Too High 2016-09-06T04:00:00Z The book value of its €1.1 billion stake in takeaway portal Delivery Hero is supported by the sales multiple at which shares in U.K. rival Just Eat trade. Why Rocket Internet Investors Should Belt Up For a Wild Ride 2016-09-02T04:00:00Z GMT Research, which analyses company accounts for hedge funds, said earlier this year that the book values of Japanese trading companies were overstated by as much as two thirds in some cases. Short-sellers smell blood as Japan Inc wounded by accounting scandals 2016-08-18T04:00:00Z Another quarter trade at less than half of book value, while two-thirds are likely to fall short of the market’s estimated 10% long-term required return on equity. U.K., Europe Discover New Divide Over Negative Interest Rates 2016-08-07T04:00:00Z Even at 0.6 times book value, it is hard to argue Japan’s banks are a bargain. Japanese Banks Show Glimmer of False Hope 2016-08-01T04:00:00Z So investors need to beware: Another leg up in the bank-share prices will bring them to book value, meaning equity raises are suddenly on the table. Why Chinese Bank Stocks Can’t Fly Too High 2016-09-06T04:00:00Z Little wonder that CIT is trading at a deep discount to book value. Past Mistakes Still Haunt Lender CIT 2016-07-28T04:00:00Z Its shares deserve to trade in line with forecast book value rather than the more than 10% discount they are at today. Why Investors Are Too Wary of Some Brexit Blows 2016-07-26T04:00:00Z The pain from that purchase continued during the quarter, as Microsoft recorded $1.1 billion in charges that reflect the costs of a restructuring and the reduced book value of the phone business. Microsoft beats Wall Street expectations on strength of cloud business 2016-07-19T04:00:00Z But declining returns at Wells Fargo do call into question its premium valuation, at 1.4 times book value. Citigroup vs. Wells Fargo: Value Beats Quality 2016-07-15T04:00:00Z This chunk of capital, approximately 7.5 trillion yen of book value across the five major banks, is largely legacy stakes of cross-shareholdings in Japanese companies. Why Japanese Banks Shouldn’t Be Anyone’s Bargain 2016-07-12T04:00:00Z Its shares also trade at under 10 percent of its book value — a measure of its net worth — a sign that investors really think that the bank needs new capital. Italy’s Plan for Banks Could Roil Europe 2016-07-06T04:00:00Z Some of the smaller ones now trade at less than their book value. Lending at $47 a barrel 2016-07-07T04:00:00Z It trades at around one-tenth of book value. Crisis and opportunity 2016-07-07T04:00:00Z Yet even a 30% decline in Great Portland’s valuations would merely bring its book value in line with its reduced share price. Brexit Buys: London Office Landlords Look Oversold 2016-07-05T04:00:00Z With the quality of core profits deteriorating, it is no surprise that Japanese banks are trading at less than half their book value. Why Japanese Banks Shouldn’t Be Anyone’s Bargain 2016-07-12T04:00:00Z Micron’s shares now fetch just above estimated book value heading into its fiscal-third-quarter report Thursday. Micron’s Recovery? It’s in the Cards 2016-06-29T04:00:00Z Reflecting concerns among investors with regard to the risky assets they own, the three banks trade at steep discounts to their book value; Deutsche Bank leads the way at 70 percent. Hard-to-Sell Assets Complicate European Banks’ ‘Brexit’ Risks 2016-06-28T04:00:00Z At the midpoint of the IPO price range, shares will sell at 1.1 times book value. Orient Securities: Here Comes Another Leveraged Bet on China’s Market 2016-06-23T04:00:00Z Like many of its insurance peers, MetLife trades below book value. MetLife CFO Hele Steers a Tricky Course 2016-06-13T04:00:00Z Considering shares commands 15 times book value and 62 times sales, investors should surmise that the stock isn’t in the control of any kind of economic reality. Time to Cut Power to This Hong Kong Lighting Play 2016-06-08T04:00:00Z Many Chinese developers are now trading below their book values in Hong Kong, where the market is freely accessible to foreign investors. China’s Property Prices Rebound, but Stocks Tell Another Story 2016-06-07T04:00:00Z Accordingly, while the S&P 500 continues to trade above its average valuation for recent years, the banking sector remains depressed, with many firms trading below their reported book value, or net worth. Bank Stocks Fall Along With Rate Hopes 2016-06-04T04:00:00Z The stock might look cheap, trading close to its book value with 68% in net cash. Virtual-Reality Dreams Won’t Erase HTC’s Problems 2016-05-25T04:00:00Z At 1.4 times book value, that is twice the valuation for China’s big four state-owned banks, which really are too big to fail. Chinese Property Giant Evergrande Invests in Financial Folly 2016-04-28T04:00:00Z Rocket Internet expected to write down the book value of its stake in Global Fashion Group, a spokesman for the Berlin-based startup developer said. Rocket Internet Projects 67% Fall in Global Fashion Group Valuation 2016-04-27T04:00:00Z Gulliver told Hong Kong shareholders at the bank's informal annual meeting on Monday that the bank is also studying the possibility of a buy back of its shares, which are now trading below book value. HSBC in charm offensive to woo China skeptics 2016-04-19T04:00:00Z After a sharp decline this year, Morgan Stanley shares are priced at just 73% of book value. Morgan Stanley Earnings: Its Battle Plan Collides With Markets 2016-04-18T04:00:00Z Messina said on Wednesday the fund would help banks sell bad debts close to book value and not at the heavily discounted prices demanded by "loan-shark" private equity funds. Italy's Atlas fund struggles to stop sky falling on banks 2016-04-15T04:00:00Z And that higher return helps explain why Wells fetches a premium valuation, while its big-bank peers are either at or substantially below book value. Bank of America vs. Wells Fargo: Will the Last Be First? 2016-04-14T04:00:00Z Five of the six trade at discounts to book value. Wall Street’s First Quarter Looks More Like a Dime 2016-04-08T04:00:00Z The worth of a firm was estimated by placing its profits or book value on a multiple, whose value was best decided after a three-Martini lunch. Analyse this 2016-03-31T04:00:00Z Typically when large builders like Lennar approach 2 times book value, it becomes a red flag for future stock performance, according to Ms. McGrath. Home Builders Could Be More Solid 2016-03-28T04:00:00Z Most Wall Street banks are trading below tangible book value, and many of their core businesses are struggling. The New Leucadia Is No Longer Lovable 2016-03-23T04:00:00Z Mr. Wu told a Harvard recruitment fair last year that he aims at investment opportunities priced at less than book value and offering a return on equity above 10 percent. Anbang Insurance’s Hotel Shopping Spree Could Be Costly 2016-03-14T04:00:00Z Markets now price the big lenders at a discount of about 30% on their book value. Red ink rising 2016-03-03T05:00:00Z Buffeted by the same headwinds facing other mining and oil companies, Glencore was forced to reduce the book value of its oil fields in Chad, a nickel mine in New Caledonia and other facilities. Glencore’s Big Loss Reflects Hard Times for Mining Companies 2016-03-01T05:00:00Z Goldman trades at 0.86 times its book value; Morgan Stanley trades at 0.74 times its book value; and Bank of America, which now owns Merrill Lynch, trades at just more than half its book value. Cut Compensation at Investment Banks, Then Take Cover 2016-02-26T05:00:00Z The new rule calls for both assets and liabilities reflecting the value and costs of leases to be added to the balance sheet, so companies’ book value isn’t likely to change significantly. New Rule to Shift Leases Onto Corporate Balance Sheets 2016-02-25T05:00:00Z But revenues at the end of last year fell more than anyone was expecting and its book value per share shrank more rapidly, too. Standard Chartered: Why This Cheap Bank Stock Isn’t a Bargain 2016-02-23T05:00:00Z That raised cash to fund its aggressive store rollout program and crystallized the gap between market value and book value as profit. Tesco’s Lesson: Grocers Should Stick to Produce, Not Property 2016-02-18T05:00:00Z The company said it would record a gain of $550 million on the deal, the difference between the sale price and the stake’s book value of $450 million. Freeport Pares U.S. Copper-Mine Stake in $1 Billion Deal 2016-02-15T05:00:00Z Not a single one of the leading American investment banks – supposedly the best in the world – trades above its book value. Cut Compensation at Investment Banks, Then Take Cover 2016-02-26T05:00:00Z For Moynihan to receive the full value, Bank of America must meet “growth goals” for return on assets and adjustable tangible book value during those years. Bank of America CEO gets a potential pay increase of 23% 2016-02-12T05:00:00Z Key for investors is that book value per share is getting hit. Standard Chartered: Why This Cheap Bank Stock Isn’t a Bargain 2016-02-23T05:00:00Z For example, Citigroup shares are trading at 59 percent of its tangible book value, a measure of a bank’s equity that excludes items that are difficult to assess, like good will. Battered Bank Stocks Reflect Not Just Jitters, but Mistrust 2016-02-12T05:00:00Z And its stock trades at nearly half of the bank’s book value, which is a theoretical measure of the value that would be left for shareholders if the bank were liquidated. Nervousness About Global Banking Giants Intensifies 2016-02-08T05:00:00Z JPMorgan Chase, our largest bank by asset size, trades just below its book value. Cut Compensation at Investment Banks, Then Take Cover 2016-02-26T05:00:00Z The Swiss bank paid nearly three times the U.S. firm’s book value, a pricey deal even by the standards of the dot-com-bubble era. Credit Suisse Pays Price for 16-Year-Old Misstep 2016-02-04T05:00:00Z TOKYO—Toshiba Corp. said Thursday it would record the biggest annual loss in its 140-year-old history as the firm wrote down the book value of several units, including energy and infrastructure, while restructuring costs ballooned. Toshiba Expects Biggest-Ever Yearly Loss 2016-02-04T05:00:00Z “The stocks are selling at such deep discounts to book value that they are telling you the book values are not valid.” Battered Bank Stocks Reflect Not Just Jitters, but Mistrust 2016-02-12T05:00:00Z Many of them currently trade below book value, suggesting that they would be more valuable broken up. Chop chop 2016-01-28T05:00:00Z The combination of the two results in returns on equity that are underwhelming, disappoint investors and result in stock prices that value these companies below their book value. Cut Compensation at Investment Banks, Then Take Cover 2016-02-26T05:00:00Z The shares of all but Wells Fargo now trade below book value, suggesting stockholders are bracing for a year or more of pain. Rocky Road Ahead for Big Banks 2016-01-15T05:00:00Z It is now trading at a nearly 40% discount to book value. Why Big Banks Are Being Treated Like Penny Stocks 2016-01-15T05:00:00Z And Bank of America stock trades at 72 percent of its tangible book value, down from a slight premium late last year. Battered Bank Stocks Reflect Not Just Jitters, but Mistrust 2016-02-12T05:00:00Z On Friday, the global mining company BHP Billiton said it was writing off about $7.2 billion from its book value of shale holdings in the United States because of the changed environment. Oil Price Falls as Global Growth Anxiety Weighs on Markets 2016-01-15T05:00:00Z When Goldman Sachs went public in May 1999, for instance, after years of internal debate, it was valued at more than four times its book value. Cut Compensation at Investment Banks, Then Take Cover 2016-02-26T05:00:00Z As a result, Citi and Bank of America are trading at less than two-thirds of book value. Rocky Road Ahead for Big Banks 2016-01-15T05:00:00Z Despite Friday’s declines, shares are up about 18% since Mr. Corbat took over —but the bank hasn’t traded above book value in years. A Leaner Citigroup Weighs in With a Robust Profit 2016-01-15T05:00:00Z When investors anticipate loan losses, they price bank shares below their corresponding book values. Battered Bank Stocks Reflect Not Just Jitters, but Mistrust 2016-02-12T05:00:00Z Like many other large banks, its shares trade below book value, which is what the company would be worth if liquidated. New Raider Enters Picture, With Eye on a Sale of Ally 2016-01-12T05:00:00Z Perhaps more telling is where the shares trade when the price/book value multiple is adjusted for expectations of return on equity. Bruised Bank Stocks: Don’t Pick Up Morgan Stanley Yet 2016-01-08T05:00:00Z Meanwhile, receivables from such concession agreements were worth 112% of book value as of June. Chinese Water Accounting Is Slippery When Wet 2015-12-15T05:00:00Z Equity trading at a discount to book value by banks in many countries remained a "clear sign of mistrust", he said, and the level of bad loans at euro zone banks needed addressing "vigorously". Uneasy calm in markets about upcoming U.S. rate increase, BIS says 2015-12-06T05:00:00Z Now that they are finally starting to unwind their shareholdings, the discount to book value is likely to fade. Why Japan’s Mega Banks are Mega Cheap 2015-12-02T05:00:00Z Toshiba is trading well below its book value, which is equal to assets minus liabilities. Toshiba Shares Dive as Westinghouse Disclosure Spooks Investors 2015-11-13T05:00:00Z The mortgages are being sold for £280m above their book value. Northern Rock mortgages sold for £13bn - BBC News 2015-11-13T05:00:00Z As a result, SoftBank’s shares trade at a hefty discount to book value. Here comes the Son 2015-11-12T05:00:00Z Investors seem to be siding with Goldman Sachs now - its shares trade at about 1.15 times their book value, an accounting measure of their net value, while Morgan Stanley's trade at about their book value. Exclusive: Morgan Stanley turns to stodgy bank accounts to boost profit 2015-11-12T05:00:00Z The three banks trade at between 0.7 and 0.8 times book value, in line with their averages over the past few years. Why Japan’s Mega Banks are Mega Cheap 2015-12-02T05:00:00Z The change won’t create any new obligations for companies, and it isn’t expected to drastically change companies’ earnings or book value. Leases to Put New Weight on Corporate Balance Sheets 2015-11-11T05:00:00Z But both banks need to do more if their share prices are to shed their discounts to book value. French Banks Need to Be Less Exceptional 2015-11-05T05:00:00Z After all, accumulated profit will still add to book value over time, allowing share prices to post steady gains. Why China’s Banks Are Laying Profit Growth Goose Eggs 2015-11-02T05:00:00Z Analysts point to shares of major listed banks, which are mostly trading below book value, as an indication of problems under the hood. Chinese Banks Look to Shadow Banking for Growth 2015-10-30T04:00:00Z True, Deutsche trades at a far worse ratio of price/book value than its more optimistic rival Credit Suisse. Deutsche Bank Cuts Back to Its Roots 2015-10-29T04:00:00Z AIG shares have traded at a steeper discount to book value than its peers for the past seven years. Icahn’s AIG Plan: Good Idea, but Does It Pay? 2015-10-28T04:00:00Z Still, Bank of America and Citigroup, whose shares have languished below book value for seven years, seem like good candidates for devolution. These Two Big Banks Should Follow CIT’s Lead 2015-10-26T04:00:00Z UBS reworked its strategy in 2012 and its shares now trade at a 30 percent premium to forward book value, compared with a 10 percent discount at Credit Suisse. Credit Suisse Will Struggle With Label as a Subpar UBS 2015-10-21T04:00:00Z Deutsche Bank DB 0.99 % has been struggling in that battle: that is why it trades at the biggest discount to book value of any big global bank. Deutsche Bank Shake-Up Leaves Traders Exposed 2015-10-19T04:00:00Z With the stock still well below book value, the bank has to show it can do far better on several fronts. For Citigroup, Good Enough Can Be Enough 2015-10-15T04:00:00Z Most big European banks, including Deutsche Bank and HSBC, trade at a discount to tangible book value: in theory, they would be better off wound up and money returned to shareholders. Banking and nothingness 2015-10-15T04:00:00Z Analysts had expected tangible book value to rise to $15.26 a share. Bank of America, Wells Fargo Earnings: You Really Can’t Fight the Fed 2015-10-14T04:00:00Z It was a tough time at Apple – we were trading below book value on the market – our enterprise value was actually less than our cash on hand. How Steve Jobs Got His Employees to Believe in Apple 2015-10-14T04:00:00Z Japan Post Bank is priced at 0.44 times book value, compared with an average 0.74 times book for Japan’s three biggest commercial banks. Reasons to Bank on Japan Post’s Mega IPO 2015-10-13T04:00:00Z Morgan Chase only trades at a slight premium to book value. GE, Apple Are Fair Game for Activists, but Not These Companies 2015-10-11T04:00:00Z Bar Citi, America’s largest banks trade at a premium to book value. Banking and nothingness 2015-10-15T04:00:00Z Credit Suisse trades at a 15% discount to one-year forward book value. What’s The Story Behind Credit Suisse’s Capital Call? 2015-10-09T04:00:00Z Only then may investors be willing to price the shares closer to Deutsche’s lower but more realistic book value. Deutsche Bank’s Big Charge: Get Real 2015-10-07T04:00:00Z Filings listed the whole company's liabilities at $1.18 billion at the end of last year, more than double the $560-million book value of its assets. Relativity lenders to pay $125 million for its TV business 2015-10-03T04:00:00Z Filings listed the whole company's total liabilities at $1.18 billion at the end of last year, more than double the $560-million book value of its assets. Can Relativity's Ryan Kavanaugh stay in power with Burkle bid? 2015-10-02T04:00:00Z The company, known for films such as "Act of Valor" and "Limitless," lists nearly $1.2 billion in liabilities and a book value of $560 million, according to court documents. Bidding for Relativity Media is expected to be muted 2015-09-26T04:00:00Z If banks sold loans a 5% less than book value, €24 billion in capital would be freed up, allowing banks to increase their new lending. IMF Urges Urgent Action on Europe’s Bad Loans 2015-09-24T04:00:00Z Paying twice book value means Cinda is hardly buying at distressed prices. Why China’s Next Bad Bank May Not Be All That Good 2015-09-14T04:00:00Z Shares in the big four banks currently trade at around 90 percent of book value, according to Thomson Reuters. Slowing Growth Exposes Chinese Banks’ Debt Debris 2015-08-31T04:00:00Z At about 60% of book value, the stock is trading at its worst level in more than thirty years, according to FactSet. Standard Chartered’s Puzzling Currency Questions 2015-08-27T04:00:00Z The company, known for films such as "Act of Valor" and "Limitless," lists nearly $1.2 billion in liabilities and a book value of $560 million. Judge clears path for sale of troubled film studio Relativity Media 2015-08-26T04:00:00Z However, the premium is high relative to both earnings and book value. Zurich Needs Savings Insurance for RSA Deal 2015-08-25T04:00:00Z That is because banks that beat the assumed cost of equity tend to trade at a premium to book value. Rewriting the Book on Valuing Wall Street’s Big Banks 2015-08-19T04:00:00Z But that long-term track record masks a weaker performance in recent years: In the four years through 2014, Berkshire’s book value increased by 11.3% per annum, lagging the broader market by four percentage points. Buffett’s Precision Play Shows Berkshire’s Big Problem 2015-08-10T04:00:00Z The filings listed the company's total liabilities at $1.18 billion at the end of last year, more than double the $560-million book value of its assets. Relativity Media sale could attract rival Hollywood moguls and far-flung billionaires 2015-08-07T04:00:00Z To start with, the average large bank today is selling around book value or below it. Are stock markets near ‘dangerous territory’? 2015-07-31T04:00:00Z They also, like many other big, global banks must wrestle with a business model in which investors seemingly have lost faith—Deutsche’s stock hasn’t traded above book value since the financial crisis. Deutsche Bank’s Hard Road Ahead 2015-07-30T04:00:00Z Others note that its shares are priced on the expensive side compared with its book value, and that banks often haven’t held the market-cap title for long. Wells Fargo & Co. is the Earth’s Most Valuable Bank 2015-07-22T04:00:00Z Further, the company’s book value is likely small. Selling A Business Organized As A "C" Corporation -- When It Is Not A Tax Problem -- Part 3 2015-07-20T04:00:00Z Using first-quarter diluted book values and share counts, the merger including the higher special dividend is worth about $131.60 a share. PartnerRe Insurance Merger Turns on a Different Axis 2015-07-17T04:00:00Z Even after a 2.5% rise following the release of results, however, the bank’s shares still trade at a slight discount to tangible book value. Citi May Finally Slip Its Cuffs 2015-07-16T04:00:00Z The company claimed the book value of the Legacy project alone “represents €11 per share; considering future earnings we calculate a value of up to €21 per share.” Germany’s K+S Rejects $8.75 Billion Takeover Offer From Potash 2015-07-03T04:00:00Z The deal will be immediately add to earnings and book value, Ace said. Ace Agrees to Buy Rival Insurer Chubb 2015-07-01T04:00:00Z Currently, Bank of America trades at roughly 1.2 times its tangible book value, given investors frustration with its relatively high expenses and meager profits when compared against other mega-cap lenders. Can Brian Moynihan Catch Jamie Dimon? Bank Of America Warrants Seen As Best Bet 2015-06-19T04:00:00Z The current book value of the assets of the banks’ failed estates is about 15 billion euros, of 120 percent of Iceland’s gross domestic product. Iceland to Lift Capital Controls Imposed After Financial Crisis 2015-06-08T04:00:00Z Berkshire buys back its shares when the market value goes down to 120% of its book value. The Wit And Wisdom Of Warren Buffett and Charlie Munger 2015-05-07T04:00:00Z Its shares trade at 1.6 times book value, compared with an average for U.S. banks of close to book value. Smaller and simpler mantra rings through banking boardrooms 2015-04-27T04:00:00Z Still, with a market value of 4 billion euros, the bank trades at 0.9 times its tangible book value, below a European sector average of nearly 1.2 times. Pop Milano sits pretty as Italy cooperative banks brace for M&A 2015-04-26T04:00:00Z Its shares trade at 1.6 times book value, compared to an average for U.S. banks of close to book value. 'Smaller and simpler' mantra rings through banking boardrooms 2015-04-24T04:00:00Z Listed Greek firms are trading at less than 60% of their book value, on average. Hellenic bruises 2015-04-23T04:00:00Z It’s a modest difference — and Goldman still bests Morgan Stanley on a price-to-reported book value basis. Morgan Stanley Takes Different Path to Rival Goldman 2015-04-20T04:00:00Z The stock sells for less than book value, and it’s trading down 60% from its all-time high just eight months ago. Why Carl Icahn Could Learn To Love Lumber Liquidators, Whiting Petroleum and Alibaba 2015-04-16T04:00:00Z Its current book value is about 14.9 billion euros, indicating that a stock market listing would be unlikely to raise enough to repay the roughly 24 billion euros that its nationalization cost taxpayers. After ABN Amro Forgoes Raises, I.P.O. May Go Ahead 2015-03-29T04:00:00Z An important reason for the move was the substantial discount at which its shares were trading to its book value. Citigroup Ends Payout Drought With Plans To Return $8.4 Billion To Shareholders 2015-03-17T04:00:00Z The retaining of all earnings combined with the 19.4% ROE allowed the original book value or capital per share to continue to compound at an average of 19.4% for 50 years. Warren Buffett's Secret of Success 2015-03-09T04:00:00Z The last six years reveal a different picture: 13 percent for book value, 15 percent for market value and 17 percent for the index. Warren Buffett’s Awesome Feat at Berkshire Hathaway, Revisited 2015-03-07T05:00:00Z From page 1 of the shareholder letter, in 2014, on the company’s preferred metric, per-share book value growth versus S&P 500 total return, Berkshire lagged the performance of the S&P 500. Peeling Away The Layers Of Berkshire Hathaway 2015-03-05T05:00:00Z Its market capitalisation is well below its book value, suggesting it would be more valuable if broken up. Citi never reaps 2015-03-05T05:00:00Z In America the most highly rated banks—based on their share price relative to their book value—are Wells Fargo and a host of midsized firms. A world of pain 2015-03-05T05:00:00Z Mr Buffett used to argue that Berkshire’s book value per share, rather than its share price, was a good proxy for its long-term worth. Corresponderous 2015-03-05T05:00:00Z If that column existed in the current report, it would show that he trailed the S.&.P. again, using book value. Warren Buffett’s Awesome Feat at Berkshire Hathaway, Revisited 2015-03-07T05:00:00Z Last year was the third year in a row Berkshire’s book value growth lagged the S&P 500′s total return. Peeling Away The Layers Of Berkshire Hathaway 2015-03-05T05:00:00Z The last time Buffett’s car was auctioned, the 2001 Lincoln drew $73,200- well above its book value of $11,200. Buffett’s 2006 Cadillac worth $12,000 auctioned for $122,500 2015-02-21T05:00:00Z Herro expects more transparent earnings growth ahead, plus its stock trades below book value. Oakmark's David Herro: Believe In Credit Suisse, Skip Tesco 2015-02-11T05:00:00Z The selling price is equivalent to the factory’s book value, and the transaction still needs shareholder approval. Chinese Billionaire Owner Of Volvo To Sell SUV Plant To Hong Kong-Listed Geely 2015-02-08T05:00:00Z His long-term performance is remarkable, using book value, too. Warren Buffett’s Awesome Feat at Berkshire Hathaway, Revisited 2015-03-07T05:00:00Z While that may be true, several gold miners are trading below book value with a strong dividend yields – characteristics they share with many Berkshire Hathaway investments. Should Warren Buffet Be Buying Gold Miners? 2015-02-06T05:00:00Z When we find an investment with these three qualities that is also trading at a substantial discount to tangible book value, it’s too good to pass up. WHF: Senior Secured Middle Market Loans At A 23% Discount To Tangible Book Value 2015-02-05T05:00:00Z Divide the price per share by the last quarter's book value to arrive at this number. An Investor's Guide to Understanding Market Research 2015-01-26T05:00:00Z Many so-called universal banks are being valued by stock markets at much lower than their net worth on their balance sheets, or the 'book value' of their assets. Bankers say big is beautiful, safe and economic 2015-01-22T05:00:00Z Over his second 25 years, his performance was still outstanding: 15 percent for book value, 14 percent for market value and 10 percent for the index. Warren Buffett’s Awesome Feat at Berkshire Hathaway, Revisited 2015-03-07T05:00:00Z Many large miners are trading at a steep discount to their book value. Should Warren Buffet Be Buying Gold Miners? 2015-02-06T05:00:00Z BlackBerry's patent portfolio is composed of roughly 44,000 patents, worth more than $1.43 billion in net book value as of August last year, although many analysts think they could be worth much more. Exclusive: Samsung talks to BlackBerry about $7.5 billion buyout - source 2015-01-15T05:00:00Z Price-to-book: This ratio compares a stock's market value to its book value. An Investor's Guide to Understanding Market Research 2015-01-26T05:00:00Z Blackberry's patent portfolio is composed of roughly 44,000 patents, worth more than $1.43 billion in net book value as of August last year, although many analysts think they could be worth much more. Exclusive: Samsung talks to BlackBerry about $7.5 billion buyout - source 2015-01-14T05:00:00Z Aside from buying firms below book value, Schloss also looked at the management of a company and whether they were overly greedy or honest. Inside One Of Value Investing's Greatest Minds: Walter Schloss 2015-01-12T05:00:00Z Informal valuations based on book value or multiple of earnings may help with certain aspects of financial or estate planning. Northwestern MutualVoice: What's Your Business Worth? 5 Steps To A Favorable Valuation 2015-01-06T05:00:00Z Still, even trading at book value, mortgage REITs are far from expensive. Mortgage REITs And BDCs Offer A Compelling Value 2015-01-05T05:00:00Z Wall Street recognizes the level of Signature’s asset quality and performance, as the stock trades at 2.5 times book value, third most expensive among the 100 biggest banks. America's Best And Worst Banks 2015 2014-12-22T05:00:00Z He admitted that every business needs a stroke of luck: in his case, it was discovering that a Tokyo freehold property owned by JWT was worth $170 million more than its book value. Publicis Throws Down $3.5 Billion Gauntlet To WPP 2014-11-04T05:00:00Z By cheap, Schloss is specifically referring to stocks that are selling below book value. Inside One Of Value Investing's Greatest Minds: Walter Schloss 2015-01-12T05:00:00Z Citigroup's shares trade at about 0.8 times their book value, or the accounting value of the bank's assets minus its liabilities, while its peers tend to trade around, or even above their book value. Citi's Linville slowly turns around bank's card business 2014-11-04T05:00:00Z Taking a simple average, the top BDC holdings sport a dividend yield of 8.7.% and trade slightly below book value. Mortgage REITs And BDCs Offer A Compelling Value 2015-01-05T05:00:00Z When the company adopted International Financial Reporting Standards on July 1, it resulted in additional amortization expenses resulting from the increase in the net book value of depreciable assets, Agnico said. Agnico Eagle Sees Canadian, European Operations As Hedge Against Higher Dollar 2014-10-30T04:00:00Z And because their stock was trading so much below book value, they resisted that. Richard Lehmann's 6% Solution: Finding Gems Among Junk Bonds 2014-10-27T04:00:00Z Ultimately, he found the combination of honest management and buying at a large discount to book value to be a very powerful combination. Inside One Of Value Investing's Greatest Minds: Walter Schloss 2015-01-12T05:00:00Z To calculate the market price-to-book ratio, divide the current closing price of the S&P 500 Index by the latest quarter’s book value per share of the companies comprising the index. Little Known USA Truck Attracts Investors As Undervalued Transportation Bet 2014-10-23T04:00:00Z But as was the case with mortgage REITs, BDCs often trade at a significant premium to book value. Mortgage REITs And BDCs Offer A Compelling Value 2015-01-05T05:00:00Z Internationally, domestic regulations forbid equity capital raising if book value is below share price, which continues to be the case. The Nine Lives Of China's Central Bank Chief Zhou Xiaochuan 2014-09-26T04:00:00Z The sale price values Citizens at 0.9 times its net tangible book value of $13.1 billion at the end of June. RBS cuts sale price for U.S. bank citizens in $3 billion listing 2014-09-24T04:00:00Z BB&T said it would pay a premium to book value of about 5.3 percent of total deposits. Citi sells more branches in Texas to BB&T 2014-09-03T04:00:00Z Four stocks on Friday’s new highs lists are trading below or near book value. 4 Cheap Stocks Hitting New 52-Week Highs 2014-08-17T04:00:00Z By some measures, Berkshire remains moderately priced, trading at about 1.4 times its book value, a measure of assets minus liabilities, in the most recent quarter. Berkshire Hathaway stock hits new milestone at $200,000 2014-08-14T04:00:00Z Buffett uses book value as “an understated proxy” for intrinsic value. Has Buffett Lost His Touch? 2014-08-14T04:00:00Z That represents a premium to RBS shares, which are trading at about 0.7 times book value, but below U.S. banks of a similar size, such as Fifth Third FITB.O and BB&T Corp. RBS cuts sale price for U.S. bank citizens in $3 billion listing 2014-09-24T04:00:00Z Another common form of “smart beta” strategies is to weight a portfolio towards value-based metrics, such as dividend yields, book value or low P/E ratios. 4 Reasons Why 'Smart Beta' is Dumb Active Management 2014-07-24T04:00:00Z AIG is a value stock that is currently undervalued compared to book value, and it has the potential to make significant gains over the near term. What Must Happen For AIG To Deliver A Double 2014-07-18T04:00:00Z Value investing is not just buying stocks that sell at a lower price-earnings ratio than the market or a discount to book value. The Value Investor's Dilemma 2014-07-15T04:00:00Z Berkshire Hathaway’s goal is to increase its per-share intrinsic/book value at a rate greater than the increase of the S&P 500. Has Buffett Lost His Touch? 2014-08-14T04:00:00Z “Despite the significant impact of today’s settlement on our net income, our capital position strengthened to an estimated Tier 1 Common ratio of 10.6% on a Basel III basis, and our tangible book value increased.” Citigroup Profit Tumbles After $7 Billion Mortgage Settlement With DOJ 2014-07-14T04:00:00Z What his firm calls fundamental indexing looks at a company’s sales, cash flow, book value and dividends paid to shareholders. ‘Smart Beta’ Investing Lets the Measure Pick the Stocks 2014-06-27T04:00:00Z This is serious stuff in terms of hits to book value and their Basel III reserve ratios. Strange Bedfellows: Apple and ExxonMobil 2014-06-23T04:00:00Z Because most financial stocks, specifically banks and brokerage houses, are perennially leveraged to their capital base, I use hard book value as a benchmark. The Value Investor's Dilemma 2014-07-15T04:00:00Z Great value investors take the long view, examining a company’s fundamentals and prospects and looking at book value, long-term trends, cash flow and dividends. Managers Find Bad Investment Behavior Can Yield Better Returns 2014-06-18T04:00:00Z The stock also shows big discounts to historical multiples of sales and book value. Ecopetrol Looks Like Fine Colombian Dividend Buy 2014-06-11T04:00:00Z Chimera Investment declared dividends, announced its March 31, 2014 estimated book value and distributed supplemental financial information. Abnormal Volume Stocks To Watch On Friday 2014-06-06T04:00:00Z I’m tired of Holder destroying shareholder book value while eschewing criminal indictments of top management. Strange Bedfellows: Apple and ExxonMobil 2014-06-23T04:00:00Z You buy brokerage houses near book value and sell them around 1.5 times book. The Value Investor's Dilemma 2014-07-15T04:00:00Z This dramatic decline in addressable market in the U.S. has decimated revenue, earnings and book value. Hot For Geotherm, Bearish On Big Bertha 2014-06-06T04:00:00Z They’re all down more than 25% in price this year, and they still trade for rich multiples of earnings, sales and book value. 2 Stocks Priced For Imperfection 2014-05-28T04:00:00Z There’s no material book value in Twitter and Facebook excepting cash and intellectual property. Jeff Koons's Popeye Is The Fifth Column 2014-05-19T04:00:00Z Last year, Berkshire underperformed for the first time in nearly 50 years by Buffett's own preferred measure: gains in the company's book value, or worth, lagged the S&P 500. WRAPUP 2-Buffett defends Coke, BNSF at Berkshire annual meeting 2014-05-03T22:08:06Z “You’re going to do share buybacks when your share price is substantially below book value,” he said, noting that the company’s shares were currently trading around book value. BNP Paribas Says U.S. Fine Could Be Much Bigger Than It Had Expected 2014-04-30T08:05:33Z This equates to about 5 times its book value, said one of the bankers, three times the sort of prices being paid for local banks in the aftermath of the financial crisis. Exclusive - Bahrain's Ahli United Bank considers sale or merger: sources 2014-04-16T15:49:12Z The offer price translates to a book value of 1.77 times for Wing Hang Bank based on its book as of December 31. Singapore's OCBC offers $4.95 billion for Wing Hang bank 2014-04-01T00:21:26Z It trades at a forward price to book value of 32.2. As email threats multiply, funds pick up Proofpoint 2014-03-17T18:46:02Z The shareholders plan to raise the book value of their central bank shares to the current value. High & Low Finance: A Review of Banks in Europe Gets Results 2014-03-14T01:52:12Z Hard figures are elusive but the book value of the equity that Western firms have invested in the emerging world has probably risen by at least $3 trillion since 1998. Business in emerging markets: Emerge, splurge, purge 2014-03-06T16:01:17Z It now has about $9 billion in assets, though its current book value could not be ascertained. Exclusive: Fortress, others eye Citi's OneMain consumer finance unit 2014-02-21T20:37:07Z The bank, Canada's largest, said the purchase price was roughly the book value of the assets, but did not elaborate. UPDATE 1-Royal Bank of Canada to sell Jamaican banking operations 2014-01-29T14:40:10Z However, selling those new shares at $6,000 each reduced Ally’s book value by about 5 percent, to about $9,330 a share. Sloan: Ally Financial shares disappoint, taxpayers reap less than predicted 2014-01-24T00:01:25Z These indexes are developed to account for comparable company metrics such as book value, earnings, revenue, or even dividend rates. Picking the Right Index 2014-01-09T14:12:00Z But they’re also pricey; most of them are trading at least 10 to 20 times estimated 2014 sales and at least 7 times book value. Tech Stocks To Buy In 2014 For Growth And Value Investors 2013-12-30T13:20:00Z Peugeot's plant in Kaluga, Russia is among production investments "whose book value is no longer covered by future cash flows", Chatillon said on a conference call. RPT-UPDATE 2-Peugeot unveils writedown, GM backing for Dongfeng deal 2013-12-12T09:41:19Z Shares of Hertz fell as much as 17 percent after Advantage's owners said the book value of the cars passed to them at the time of the sale last year was too high. Advantage to file for bankruptcy as Hertz cuts car supply 2013-11-05T19:21:37Z But it’s more than 20 percent below Ally’s diminished book value. Sloan: Ally Financial shares disappoint, taxpayers reap less than predicted 2014-01-24T00:01:25Z Pepper is eyeing Capital Finance, with its portfolio of leasing loans with a book value of around A$5 billion to $6 billion. UPDATE 1-Pepper Australia consortium, Macquarie Group in final bids for Lloyds' assets-sources 2013-10-01T03:16:21Z Will that mean one of the world’s best technology providers in the cell phone/mobile computing space quietly goes away for half of its book value? Billionaire Watsa's Blackberry Bid May Not Be The Last One 2013-09-24T14:03:00Z A Chinese government rule prevents mainland banks from raising funds in the equity markets when their price is below book value. Stock offering plans by China's banks seen as short-term fix 2013-09-02T21:15:29Z As the crisis began, each of them ranked in the top 20 in the world in at least one of three measurements — market capitalization, book value or total assets. Off the Charts: Some Big Banks Thrive Despite Chaos of 2008 2013-08-30T16:28:08Z Analysts estimate it may sell for as little as 2.3 billion euros, much less than the book value of 3.4 billion. Steel Americas cloud hangs over Germany's ThyssenKrupp 2013-08-11T14:55:26Z That's because they typically get their shares at a steep discount to the bank's book value. COLUMN-Mutual bank conversions ebb, but still offer big upside 2013-08-07T15:26:04Z Most Chinese banks are trading at or below book value even as they are generating a return on equity of near 20 percent, indicating the market is anticipating some bad news. The China disconnect: analysts lose plot on financial stocks 2013-07-21T21:45:31Z That portfolio was sold for a 3.5 percent discount on the loan portfolio's book value. UPDATE 2-J.C. Flowers set to buy portion of Northern Rock loans 2013-07-18T10:17:03Z Commerzbank said on Monday it expects to book charges of 179 million euros related to the transaction this year as the buyers were paying a 3.5 percent discount on the loan portfolio's book value. Commerzbank sells 5 bln eur of UK mortgages 2013-07-15T10:18:26Z I took the per-share “book value” and multiplied it by the number of Ally shares the Treasury owns. Government profits from Ally? Go figure! 2013-07-01T22:32:00Z One, Simplicity Bancorp, whose stock is trading at less than 90 percent of book value, marks its three-year conversion anniversary in November. COLUMN-Mutual bank conversions ebb, but still offer big upside 2013-08-07T15:26:04Z GM halved the book value of its stake in a February writedown. Exclusive: Peugeot family ready to step aside for GM- sources 2013-06-27T12:39:02Z A source close to the talks told Reuters that the sale of BSI, even if delivered below book value, is expected to add 10 percentage points to Generali's Solvency 1 ratio. UPDATE 1-Generali sells Mexican assets to Banorte for $858 mln 2013-06-11T16:28:17Z By the end of the day they were worth half their €1 book value. New Bankia shares tumble, wiping out family savings in Spain 2013-05-28T17:55:37Z The company wrote down the value of its businesses by £1.8bn, bringing to £7.7bn the reduction in book value of its operations in Italy and Spain this year. Vodafone revenues hit by southern European slowdown 2013-05-21T08:15:25Z Investors should hunt for shares trading below book value and target banks with good growth and clean loan portfolios. COLUMN-Mutual bank conversions ebb, but still offer big upside 2013-08-07T15:26:04Z This increases your book value, but larger companies also sell for higher multiples than smaller companies because their higher growth opens up a larger and more sophisticated market of potential buyers. 3 Pillars of Valuation 2013-05-17T13:21:54Z Goodwill is the excess paid for an asset over its book value. Tata Steel: Goodwill hunting 2013-05-16T14:59:51Z In February 2012, a consortium of hedge funds approached Hypo Real Estate offering to buy Depfa for a fraction of the book value. Nationalised German bank starts sale of Depfa unit - sources 2013-05-14T16:55:11Z Channel 4 puts its book value at £39m, taking in to account depreciation and impairment. Channel 4 content boost results in £29m loss 2013-05-14T10:38:05Z I knew I wouldn't get more then £3,000 for it - book value. The Loop: Us and our spoons 2013-05-10T14:25:42Z Both sets of bidders are offering more than $3 billion, but far less than the 3.9-billion-euro book value of the business, the sources said. UPDATE 1-Thyssen mulls keeping part of Steel Americas - source 2013-05-03T11:01:03Z But 407p isn't likely to be seen by the National Audit Office, the watchdog that is supposed to prevent the government wasting taxpayers' money, as the true book value of the government's stake. RBS can be privatised 'within a year' 2013-05-03T06:31:31Z However, book value is less relevant than the stock price for shareholders trying to realize the value of Berkshire shares by selling them. Berkshire size, Buffett age cloud annual gathering 2013-04-30T16:11:52Z Amazon said in the filing that the book value of its LivingSocial investment continues to drop. LivingSocial cuts operating losses in half from a year ago 2013-04-26T14:38:53Z Thus the book value of the biggest banks, except for Well Fargo, exceeds the market capitalization of these firms. Is JPMorgan Too Big & Complex To Manage? 2013-03-21T15:06:56Z To be sure, the chart is a portrait of ugliness, but with Apple trading around $430, the stock looks dirt cheap at present valuations compared to historical price multiples of sales, earnings and book value. Apple's Deep Value Makes It Worthy Of Dividend Investor Dollars 2013-03-15T21:49:06Z For the first time, the growth in Berkshire's book value per share may underperform the growth in the S&P 500 when measured over a five-year period, he added. UPDATE 1-Berkshire on hunt for more Heinz-like deals -Buffett 2013-03-04T14:24:46Z Buffett measures performance by dividing shareholder equity, equal to assets minus liabilities, by the number of shares, creating book value per share. Berkshire size, Buffett age cloud annual gathering 2013-04-30T16:11:52Z For the ninth time in its 48 years, Berkshire's percentage increase in book value – his benchmark for Berkshire's investments – was less than the S&P 500 index's percentage gain. Buffett tells 'hand wringing' bosses to show faith in US economy by investing 2013-03-01T22:34:19Z Popular is selling the portfolio at its current book value and will book an after-tax loss of about $185 million on the sale on the first quarter. UPDATE 1-Puerto Rico's Popular to sell $568 mln in bad loans 2013-03-01T12:39:07Z She indicated that the majority of the nation’s big banks are “trading below book value.” Mrs. Warren Goes to Washington: Does the Market Mistrust Big Banks? 2013-02-20T17:26:06Z The company's book value, or the worth of its net assets after debt payments, is about $1.45 a share. Gleacher CEO gets $750,000 cash bonus in compensation shift 2013-02-19T18:48:47Z The IPPR's housing report shows how a conspiracy between banks and developers to keep up the book value of land means a deliberate refusal to build, for fear of exposing their assets' true worth. How to turn a housing crisis into a homeless catastrophe 2013-02-18T21:00:03Z The bank's shares trade at 0.4 percent of its expected book value for the next 12 months, against an average of 0.7 percent among its European peers. Commerzbank chief forgoes bonus ahead of tough 2013 2013-02-15T15:55:02Z Wall Street is already signaling the case for change: the book value of most of the large banks is greater than their valuation in the stock market. Five Steps That Banks Must Take To Achieve The Good Society 2013-02-14T19:27:47Z The book value of a company is simply the total value of all the company’s listed assets minus its liabilities — in theory, that is, what shareholders would get by selling their company off for parts. Mrs. Warren Goes to Washington: Does the Market Mistrust Big Banks? 2013-02-20T17:26:06Z Based on other ratios such as price/book value, and EV/revenue, Philips ranks at the lower end of the group's range. Analysis: Philips turns off TV in turnaround 2013-02-12T07:03:54Z The company's book value was about $20 billion at the end of December. UPDATE 2-U.S. Treasury in no rush to exit Ally Financial stake -source 2013-02-08T19:17:26Z The shares now trade at around 0.7 times book value, still a discount to around 1 times for its peers. Insight: Lessons from ancient history as Barclays boss plots revival 2013-02-08T15:43:26Z The company slashed the book value of its plants and other automotive assets by 28% on Thursday, reflecting Europe's worsening market outlook. Nissan sales tumble and Peugeot Citroën writes off €3.9bn 2013-02-08T11:30:00Z But most companies are worth much more than book value. Mrs. Warren Goes to Washington: Does the Market Mistrust Big Banks? 2013-02-20T17:26:06Z In terms of regions, Italy and Spain showed the worst ratios of market capitalisation versus book value of equity with just 43 percent and 58 percent respectively. Goodbye goodwill as European firms pay high price for M&A 2013-01-29T16:17:41Z By comparison, nearly all major U.S. banks trade below their book value. DEALTALK-Southeast Asia bank M&A may see record year 2013-01-17T20:59:58Z The bank's shares trade at a 5 percent discount to its book value, which is below its peers, Barron's said. KeyCorp shares attractive, bank is undervalued: Barron's 2013-01-13T18:28:15Z According to the E.C.B., almost all big banks in Europe are valued by the stock market at substantially less than the book value of their loans outstanding and other assets. News Analysis: In Europe, Debate Slowly Shifts to Speed of a Recovery 2012-12-30T17:10:23Z "It is negative, but it shouldn't really be a big surprise that the book value of its European business was too high," said a London-based analyst who asked not to be named. ArcelorMittal takes $4.3 billion write-down on weak Europe 2012-12-21T11:38:46Z A little more than a year ago, Berkhsire Hathaway announced it would repurchase shares if the stock’s book value sagged below 1.1 x the stock price. Two Biggest Dividend Holdouts: Twin Mountains of Cash, Yet No Payout 2012-12-17T22:55:48Z On Internet fan pages Harris is compared to a god, and at a recent auction Klebold’s old car fetched a price way over book value, almost as if it were a religious relic. Deadly Dreams: What Motivates School Shootings? (preview) 2012-12-17T18:15:00.690Z Based on the company's book value at the end of the third quarter, the buyback limit would stand for now at $134,061.60. UPDATE 4-Berkshire buyback seen clashing with estate tax push 2012-12-12T20:13:30Z The talks were completed in just over three months, and the buyers successfully negotiated a discount of nearly half of I.L.F.C.'s book value. DealBook: China Woos Overseas Companies, Looking for Deals 2012-12-12T03:29:16Z Analysts said the move brought the book value of the mills, bundled into the Steel Americas business, closer to a more realistic figure. UPDATE 3-ThyssenKrupp CEO pledges new era at troubled steelmaker 2012-12-11T16:36:39Z The company, founded almost a century ago as a small electrical extension socket maker, trades at around half its book value - which includes intangible assets such as patents. In giant "garage sale", Japan's TV giants hawk $3 billion of assets 2012-12-09T20:54:03Z Because tax assets must be used or written off, the company faced a partial write-down of these assets, which made up almost half of Fairfax’s book value. Fair Game: Years Later, the I.R.S. Questions a Tax Deal 2012-11-24T20:59:21Z Citizens, a good franchise in the attractive north-east United States, should attract a slim premium to its book value, bankers said. DEALTALK-After 30 U.S. deals, RBS may cut Citizens adrift 2012-11-16T16:51:30Z We then adjusted the book value of the company's tangible assets upward, with an GBP85 million positive adjustment to account for a third-party market valuation dated 2010 of some of the company's properties. TEXT-S&P cuts Care UK & Social Care Investments rating 2012-11-14T15:17:42Z MacFarlane said the sale of the US unit would be at a "substantial discount" to the division's book value of £2.4bn, and would happen "reasonably soon". Avica poised to sell off US life division at 'substantial discount' 2012-11-08T09:06:06Z The more of itself AIG repurchases from the government—and the more its business evolves back into bread-and-butter property-casualty, life insurance, and investing—the more it is thought its stock will approximate that book value. We'll Soon Be Rid of AIG 2012-11-02T19:39:30Z He would create a great deal of shareholder value - American megabanks currently trade at a discount to their book value, while smaller and more manageable banks have a significantly higher valuation. Today's Economist: Simon Johnson: Running Citigroup Without Subsidies 2012-10-18T09:00:21Z “The European banks were trading at 30 to 50 percent of their tangible book value — that’s roughly half of their liquidation level, if you will,” he said. For 3 Top Mutual Funds, Paths to Success Don’t Cross 2012-10-06T21:47:39Z The company will assume coverage for more than 700,000 life policies and acquire investment assets, reserved for future claims on these policies, with a statutory book value of around $7 billion. How Does Prudential's Acquisition Of Hartford's Life Business Affect Both Companies? 2012-10-04T21:41:19Z Spain has already forced banks to write off 137 billion euros in bad real estate investments through two laws this year, giving lenders an average of 45 percent coverage against their book value. Spain targets London investors for "bad bank" 2012-10-03T15:29:27Z The weekly also cited Goldman's ability to continue growing its book value and the fact that it is better capitalized than most large peers. Goldman Sachs shares could rally 25 percent: Barron's 2012-09-30T18:42:24Z ECB can cover any amount of losses on assets book value since in theory it has infinite cash availability, and cash is an asset. The ECB and the euro: Too central a banker? 2012-09-07T14:49:56Z “At the bottom of the Great Depression, U.S. banks tanked at about half of book value.” For 3 Top Mutual Funds, Paths to Success Don’t Cross 2012-10-06T21:47:39Z It tends to hold stocks with low price/book ratios, or low prices relative to the book value of their assets, and with projections for modest growth. Don't Buy the Earnings Hype 2012-09-21T22:25:18Z "These stocks are going to trade more on their resource potential and reserves than on their book value." Analysis: Natgas writedowns signal bank squeeze on spending 2012-08-17T19:14:16Z The bank has said the operations for sale represent $31 billion in total assets and carry a legal entity book value of $7.6 billion. GM bid for Ally units highlights bailout quandary 2012-08-16T20:22:57Z The company also noted that due to a recent drop in the company’s stock price, the company’s book value exceeds its market cap. GameStop Posts Mixed Q2; Boosts Div 67%; Shares Slip 2012-08-16T14:07:44Z This is presumably to mitigate the reported book value loss when the US business is eventually sold. Aviva reports half-year loss of £681m 2012-08-09T08:54:33Z Alexander's analysis matches that of Barclays Capital analyst Roger Freeman, who in a note on Monday also suggested that a valuation around 75 percent of tangible book value was reasonable in light of Knight's situation. Knight shares rise; analysts say sharp discount is sensible 2012-08-07T12:49:38Z Investors commonly value home builders by looking at the ratio of their share prices to their book value, a measure known as the price/book multiple. Is the Real-Estate Rebound for Real? 2012-08-04T02:12:37Z Some analysts have speculated GM's bid could be in the range of $2 billion to $4 billion, while others said a bid approaching the book value of the assets is more likely. GM bid for Ally units highlights bailout quandary 2012-08-16T20:22:57Z "They sought more than two times their book value while Poland's largest lenders trade at around 1.7 times." Polish Alior Bank drops Warsaw IPO plans-sources 2012-08-02T12:35:58Z One simple way to judge the priciness of bank stocks is to see where they are selling relative to their tangible book value per share—essentially, what they own minus what they owe. Breaking Up Banks Isn't All It's Cracked Up to Be 2012-07-29T08:30:56Z KBW analyst Niamh Alexander assigned a new price target that is 75 percent of tangible book value; before the loss, Knight traded at 90 percent of book. Knight shares rise; analysts say sharp discount is sensible 2012-08-07T12:49:38Z Morgan Stanley shares have been trading only around $13, less than half of its tangible book value per share at June 30. Insight: Banks bristle at breakup call from Sandy Weill 2012-07-27T04:05:22Z In Lime’s case, the company is not yet consistently profitable, so book value is a better measure than an earnings multiple. What a Lime Share is Worth 2012-07-17T15:34:57Z There were lots of profitable, debt-free tech companies trading for less than book value. There’s nothing new about uncertainty 2012-07-08T00:18:00Z "Break it up because it trades at half book value." Diamond admits traders' behavior "reprehensible" 2012-07-05T07:28:07Z RIM's shares are now below what several analysts consider the company's book value—the value of its individual assets if they were to be sold off separately. RIM Tumbles 19% on Cash Concerns 2012-06-30T00:17:45Z The price agreed equates to 1.45 times book value, higher than Sberbank's book value of around 1.1, due to the high growth potential of the Turkish market, according to one analyst. UPDATE 3-Russia's Sberbank looks abroad with Denizbank buy 2012-06-08T13:32:35Z Fitch also views the pricing as aggressive, in terms of acquired book value. TEXT-Fitch affirms Trustmark's ratings & revises outlook to negative following BancTrust announcement 2012-05-31T12:51:33Z Many European banks trade at sharp discounts to their "tangible book value," or estimated liquidation price. Time to Take the Plunge With European Banks? 2012-05-25T23:58:36Z It has now written down the book value of these businesses to reflect the projected squeeze on profits. Vodafone downgrades forecasts as eurozone crisis deepens 2012-05-22T17:08:00Z Patents and intellectual property of subjective value comprise much of Cisco’s book value, unlike the more tangible and quantifiable land and trains owned by a railroad. Forget Facebook Here Are 7 Tech Stocks Value Investors Should Love 2012-05-20T14:45:58Z Their shares trade below book value, suffering a Japan discount on top of a conglomerate one. Japan?s trading houses: Resourceful and energetic 2012-05-10T15:06:15Z A tattered stock in a battered industry, Chesapeake recently traded at three-quarters of book value and less than four times cash flow, according to Standard & Poor's. Is Natural Gas a Flaming Buy? 2012-04-27T18:15:06Z The Celfin deal implies a price many times that—and, according to São Paulo gossip, three times the bank’s book value. BTG Pactual?s initial public offering: Better Than Goldman? 2012-03-08T16:00:34Z The 31 stocks in Dubai’s benchmark stock index are valued at an average 0.8 times net assets, or book value, below the average 1.7 times for emerging market stocks. Dubai Shares Rise to 10-Month High on Profit, Dividend Optimism 2012-02-26T08:03:56Z “The fact that they grew book value 22 percent” will be viewed favorably by investors. AIG Rises as Tax Benefit Fuels Insurer’s Profit: New York Mover 2012-02-24T17:56:02Z The company trades at about 1.2 times book value, indicating that investors believe the firm is worth more than its net assets. Buffett Warts Revealed as Billionaire Prepares His Annual Letter 2012-02-24T09:17:42Z Relative to their book value, European stocks sell for about one-third less than their U.S. counterparts, Bloomberg data show. Asia CEOs Look Past Europe Crisis for Takeovers, Citigroup Says 2012-02-23T03:20:00Z Three times the value of assets minus liabilities is what Goldman Sachs listed at in 1999; it now trades below book value. BTG Pactual?s initial public offering: Better Than Goldman? 2012-03-08T16:00:34Z Even after Cable & Wireless gained 62 percent this year, the shares are still valued at 0.78 times book value, trailing the industry median of 2.2 times, data compiled by Bloomberg show. Cable & Wireless Tempts Vodafone With Lowest Valuation: Real M&A 2012-02-23T01:31:42Z Even after advancing 10 percent this year, shares on the Tokyo’s small cap index trade at an average of 0.69 times book value. Tokyo Small-Cap Stocks Post Longest Win Streak in Half Century 2012-02-22T07:03:01Z Even after advancing 10 percent this year, shares on the index trade at an average of 0.69 times book value. Tokyo Small-Cap Stocks Head for Longest Win Streak in 50 Years 2012-02-22T05:35:01Z Even after advancing 10 percent so far this year, shares on the index trade at an average of 0.68 times book value. Tokyo Small-Cap Stocks Head for Longest Win Streak in 50 Years 2012-02-22T02:05:25Z Hartford, which fell 39 percent in New York last year, is valued at less than half its book value. Paulson Increases Pressure on Hartford After Exiting Citigroup 2012-02-15T13:53:08Z Firms that trade below book value, a measure of assets minus liabilities, are even more attractive, he said. Berkowitz Says ‘To Survive Is to Win’ in Bet That BofA Rebounds 2012-02-13T13:08:08Z “Any time a company is trading at below book value or below tangible book value, it’s trading below its liquidation value,” said Highmark Capital’s Lowenstein. RadioShack Options Signaling Deal as Short Sales Climb: Real M&A 2012-02-10T03:05:37Z The company trades at about 41 percent of its book value, a measure of assets minus liabilities, compared with 68 percent for MetLife Inc. and 96 percent for Travelers Cos. Hartford’s McGee Resists Wall Street Press to Break Up Insurer 2012-02-09T13:48:54Z “We favor those companies that we believe are best positioned to increase book value over time.” Horace Mann Rises Most Since April on Profit: Chicago Mover 2012-02-09T13:07:26Z “It would be good if they lock it in at a somewhat decent price, not too far from tangible book value.” Raiffeisen Said to Revisit $1.3 Billion Sale on Stock Rise 2012-02-08T22:41:52Z AIG’s stock price was about 60 percent of book value on Feb. 10 and Bank of America’s was about 40 percent, Bloomberg data show. Berkowitz Says ‘To Survive Is to Win’ in Bet That BofA Rebounds 2012-02-13T13:08:08Z The operation, acquired by a unit of Brookfield Asset Management Inc., had a net book value of about $25 million as of Sept. Prudential Financial Profit Advances on Gains Outside U.S. 2012-02-08T22:26:02Z The insurer declined 39 percent last year and trades at less than half of the company’s book value, which is a measure of assets minus liabilities. U.S. Stocks Little Changed as Investors Watch Greek Negotiations 2012-02-08T18:28:02Z Facebook, though, is opting to tell potential investors that buying its stock will result in “substantial and immediate dilution” from the undisclosed pro forma tangible book value of the shares as of year-end. Facebook to Future Stockholders: Bow Down to Mark Zuckerberg 2012-02-02T17:22:26Z Goodwill is the amount exceeding fair net book value paid at the time of an acquisition. BBVA Posts Its First-Ever Quarterly Loss on U.S., Bad Loans 2012-02-02T10:13:40Z The Tokyo market is trading, overall, at just 0.9 times book value, near an all-time low, according to the brokerage. Analysis: Talk of Japan Inc's demise may be premature 2012-02-02T04:22:00Z The other piece of information is that Amazon lists the book value of its investment as $208 million as of the end of 2011. LivingSocial Had $558M Loss In 2011, Says Amazon Filing 2012-02-01T20:37:58Z AIG trades for about half its book value, a measure of assets minus liabilities, on speculation that the U.S. Berkowitz Says Fund Plunge ‘Makes Little Sense,’ AIG to Rebound 2012-02-01T16:32:55Z Also, remember, the shares will likely be priced at some multiple of tangible book value. Facebook to Future Stockholders: Bow Down to Mark Zuckerberg 2012-02-02T17:22:26Z Shares in the Asian benchmark are valued at 1.3 times book value. Asian Stocks Maintain Gains Amid Stalemate Over Greek Bonds 2012-01-24T09:24:02Z Equity valuations as measured against book value, or how much a company is worth in liquidation, fell below their decade averages in 2008 as the credit crisis began. Europe Stocks Cheapest to U.S. Since 2004 as Economies Decouple 2012-01-23T05:40:38Z Traditional fundamental analysis consists of price earnings ratios, growth rates, book values, cash flows, etc. Contrarians Should Have Seen Google's Big Whiff Coming 2012-01-20T05:03:15Z That’s already higher than the median 1.34 times book value that U.S. banks fetched in takeovers in the past two years, the data show. BankUnited Said to Explore Sale After 2011 Public Offering 2012-01-14T14:45:41Z Shares of Nexen also slipped to a three-year low of C$14.63 on Dec. 14, the equivalent of an 8 percent discount to its book value, or the value of its assets minus liabilities. Nexen $3.3 Billion Windfall Signaled With CEO Exiting: Real M&A 2012-01-12T02:42:25Z UniCredit, which holds about 39 billion euros of Italian sovereign debt, will need to convince investors that its current valuation of 0.18 times tangible book value doesn’t reflect the bank’s potential. UniCredit Plunge Seen Deterring EU Banks From Selling Shares 2012-01-10T06:32:54Z And with many stocks trading at or below book value, analysts say there are bargains to be found. Asia as Investor Haven? Market Rout Says Not 2012-01-02T20:59:20Z Buffett, who highlights book value as a measure of performance rather than stock gains, said his firm has “consistently done better than the S&P” in years when the index has fallen. Buffett’s Defense No Match for S&P 500’s Flat Line in 2011 2012-01-03T06:58:27Z The ruling appears to back Venezuela's position that companies whose assets are nationalized should be compensated for the amount invested - sometimes called book value - rather than the market value the assets might fetch if sold. Venezuela shrinks nationalization payment to Exxon 2012-01-02T18:07:11Z At 1.1 times book value as of yesterday’s close, it’s still cheaper than 91 percent of the industry, data compiled by Bloomberg show. Nexen $3.3 Billion Windfall Signaled With CEO Exiting: Real M&A 2012-01-12T02:42:25Z Frontline will get payment for working capital related to the assets sold, and the estimated book value of those assets, including the remaining new-building commitments, is $1.43 billion, according to today’s statement. Frontline Completes Revamp to Meet Oil Shipping ‘Challenges’ 2012-01-02T10:01:52Z Mr. Cannon says small banks look inexpensive relative to the book value of their assets—and large banks cheaper still. For Bank Stocks, Smaller Is Better in 2012 2011-12-31T00:51:14Z Berkshire’s book value, a measure of assets minus liabilities, rose 1.7 percent to $160 billion in the nine months ended Sept. Buffett’s Defense No Match for S&P 500’s Flat Line in 2011 2012-01-03T06:58:27Z ACE Group said the deal will add to its earnings and book value per share. UPDATE 1-ACE buys Ecuador general insurer for $55 mln 2011-12-28T22:54:47Z Other bank actions would count less to the overall $17 billion, potentially raising the overall amount the banks lose in book value as high as $32 billion or more. Details of Mortgage Servicing Settlement Between Banks and AGs Begin to Emerge 2011-12-23T12:06:43Z "We think the cash flow is very good and steady and they're trading at very near book value these days." Analysis: Money managers forge ahead despite volatility 2011-12-20T05:02:13Z "Investors are likely to worry over a shift to cash consumption and hence erosion in tangible book value that the stock is closing on," he wrote. RIM stock sinks yet again as floor proves elusive 2011-12-19T22:04:06Z New York time, below its book value of $18.92 a share. RIM’s Fumbled PlayBook Seen Keeping Acquirers on Sidelines 2011-12-15T15:53:03Z When Mr. Lam bought the shares, he was actually buying at a 70 percent discount to book value. China Property Executives Buy Stock After Curbs Damp Valuations 2011-12-15T00:43:38Z At an 18 percent discount to book value, or the value of its assets minus liabilities, it’s also the second cheapest in the group after AOL Inc., the data show. Monster Seen Luring LBO as Job Slump Depresses Value: Real M&A 2011-12-12T05:04:52Z For an investor buying at half book value and getting a price to book of one in two to three years, that’s a very good investment opportunity. EU Banks Won’t Cut Lending to Meet 9% Buffer, Clausen Says 2011-12-11T07:32:37Z The committee said it confirmed the company’s timber assets, book value and cash balance. Sino-Forest May Go Private as Martin Seeks Way Out of ‘Morass’ 2011-12-07T16:47:01Z The business had a net book value of about $25 million as of Sept. Prudential Sells Real Estate Brokerage Unit to Brookfield 2011-12-07T08:08:07Z Indian credit card portfolio at a discount to its book value, two sources with direct knowledge of the matter told Reuters on Tuesday. StanChart to buy bulk of Barclays' India cards business 2011-12-06T12:32:47Z The stock is now 11 percent below its book value of $18.92, implying investors view RIM as worth less than the net value of its cash, inventories, real estate and intellectual property. RIM Weighed Down by Tablet ‘Albatross’ in IPad-Dominated World 2011-12-05T06:02:33Z Korea Exchange Bank’s book value was 13,148 won a share as of Sept. Lone Star to Cut Price on Korean Bank Stake for Second Time 2011-12-02T19:01:19Z Shares of Bank of America, for instance, trade for just 26 percent of book value. Fed Lays Trap for Itself With Bank Stress Tests: Jonathan Weil 2011-12-01T08:06:05Z The Asian gauge is headed for a 7.9 percent decline for the month and last week traded at 1.14 times estimated book value, near a two-year low of 1.11 times book value struck on Oct. Asia Stocks Pare Monthly Loss on Valuations, Euro Crisis Meeting 2011-11-29T04:57:03Z Value stocks are those that look cheaper than others relative to some fundamental measure of worth, such as earnings, book value or dividend payments. 'Dogs of the Dow' Gets Its Bite Back 2011-11-26T03:08:26Z He notes that the stock now trades at just 0.76x tangible book value. Triquint: Davidson Ups To Buy 2011-11-25T16:29:53Z Similarly, Lloyds may have to sell its Verde assets for less than the full book value of the assets. NBNK, Co-op in final round for Lloyds branch sale 2011-11-23T13:17:15Z Banks are struggling to sell unwanted property assets at book value and are attaching tougher conditions on loans to new borrowers. Edinburgh Money Lured by Forecasts of Rising London Rents 2011-11-22T17:34:10Z As of September 30, Bank of America was changing hands at 29 percent of its book value, Citigroup at 42 percent, Morgan Stanley at 43 percent and Goldman Sachs at 72 percent. Analysis: Wall St. banks wonder if they are shrinking for good 2011-11-21T22:36:11Z “The structures may seem sophisticated, but one feature of every scheme is that they pretend a security is still worth full book value,” said Aronson, who is studying comparative corporate governance in Tokyo. Olympus’s $687 Million Scam Lay Hidden in Cardiff Filing System 2011-11-20T21:22:03Z European bank stocks are trading at an average 58 percent of their book value, according to Bloomberg data. EU Banks Face $270 Billion Goodwill Hangover for Past Purchases 2011-11-18T01:33:43Z The sale price is lower than the bank’s book value of 1.1 billion pounds at the end of June. Virgin to Buy U.K.’s Northern Rock for 747 Million Pounds 2011-11-17T13:18:42Z On average the shares of the 32 companies in the Euro Stoxx Banks Index trade for about 44 percent of book value, or common shareholder equity, according to data compiled by Bloomberg. UniCredit Bombshell Shouldn’t Be the Last One: Jonathan Weil 2011-11-17T00:22:10Z That compares with AIG’s price of about half of book value, a measure of assets minus liabilities. AIG Needs Better Results to Speed Treasury Exit, Miller Says 2011-11-16T16:52:26Z Each of the lenders trades at least 24 percent below book value, indicating investors are questioning the assets on the firms’ balance sheets. JPMorgan Joins Goldman Keeping Italy Derivatives Risk in Dark 2011-11-16T05:21:58Z Goodwill is an accounting convention that represents the amount paid for an acquisition over and above its book value. EU Banks Face $270 Billion Goodwill Hangover for Past Purchases 2011-11-18T01:33:43Z Bank shares are trading around book value, and investors are no longer paying premiums above it since all the hype in the market has gone. Credit Suisse, UBS Would Profit From Bank Breakup: Peter Kurer 2011-11-16T02:04:27Z Yet even after its recent confession, UniCredit’s shares still trade for just 28 percent of book value. UniCredit Bombshell Shouldn’t Be the Last One: Jonathan Weil 2011-11-17T00:22:10Z Goldman shares are down more than 40 percent this year to trade around 82 percent of tangible book value, which is the difference between its reported tangible assets and liabilities. Goldman CEO: Wall Street could rebound 2011-11-15T16:49:51Z In his statement, Martin, a Canadian, said the committee verified the company's cash balances, timber assets, book values and revenues. Sino-Forest is no "Ponzi" scheme: panel report 2011-11-15T13:44:45Z Globe will retire assets with a net book value of $388 million as a result of the upgrade, with almost half the amount to be written off next year, de Larrazabal said. Globe Will Spend $790 Million to Upgrade Network, Technology 2011-11-09T08:51:01Z Berkshire said it won’t reduce cash holdings below $20 billion or buy back shares for more than 110 percent of book value. Berkshire Profit Declines 24% on Buffett’s Derivative Bets 2011-11-05T17:08:14Z “The book value happens to be an understated measure” of Berkshire’s worth, he said. Berkshire Profit Declines 24 Percent on Equity Derivatives 2011-11-04T22:17:12Z Take a survey of the numerous online price guides and use that book value as a starting point. Buying a Car? 5 Ways To Get the Right Vehicle at the Right Price 2011-11-04T12:06:17Z Swiss Re stock trades at about 70 percent of its book value, the lowest of the world’s five biggest reinsurers. Swiss Re Profit Doubles on Premiums, Interest Rate Gains 2011-11-03T09:08:04Z Goldsmith said the book value may be artificially high because it includes technology patents that might not be worth as much now, considering there are so many competitors. RIM as ‘Wounded Puppy’ Trails Book Value With Confidence Shaken 2011-11-03T04:24:10Z RIM last traded below book value in 2002, before it became profitable. RIM’s Stock Falls Below Book Value on BlackBerry Sales Slump 2011-11-02T17:14:12Z Berkshire said it won’t reduce its cash holdings below $20 billion or buy back shares for more than 110 percent of book value. Berkshire Profit Declines 24 Percent on Equity Derivatives 2011-11-04T22:17:12Z |
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