book value per share


Also found in: Acronyms.

Book value per share

The ratio of stockholder equity to the average number of common shares. Book value per share should not be thought of as an indicator of economic worth, since it reflects accounting valuation (and not necessarily market valuation).

Net Asset Value Per Share

The expression of the value of a company or fund per share. In the case of a mutual fund, this is the per share prorated value of the securities underlying the fund. It is calculated once per day at the end of the trading day and functions as the share price of the mutual fund for the next trading day.

In the case of an exchange-traded fund, closed-end fund, or stock, this is the expression of the underlying value of the company or fund per share. That is, it is a statement of the value of the company's assets themselves minus the company's liabilities and the difference divided by the number of outstanding shares. One way of thinking about the net asset value per share is that it is the underlying value of the share, not the value dictated by the supply and demand of shares. Because cost accounting tends to undervalue the value of certain assets, the net asset value per share is usually lower than the market price of shares. It is also called the book value per share.

book value per share

Common stockholders' equity determined on a per-share basis. Book value per share is calculated by subtracting liabilities and the par value of any outstanding preferred stock from assets and dividing the remainder by the number of outstanding shares of stock. Also called book, book value. See also market to book.
References in periodicals archive ?
2) The return for the quarter represents the change in fully converted book value per share from $15.
Net investment income on float, diluted book value per share and return on beginning shareholders' equity are non-GAAP financial measures.
Such measures, including underwriting loss, combined ratio, net investment income on float, diluted book value per share and return on beginning shareholders' equity are referred to as non-GAAP measures.
1) Fully converted book value per share at December 31, 2006 is based on total shareholders' equity at December 31, 2006 divided by common shares outstanding of 111,775,682 less 15,694,800 common shares subject to the share issuance agreement, plus common shares issuable upon conversion of outstanding share equivalents of 473,771 at December 31, 2006.
The price has been set according to a formula based on the book value per share of BancTEXAS' common stock at the time of future issuances of stock.
2 million and a tangible book value per share of $14.
As of June 30, 1993 Vermont Financial had total assets of $897 million, equity capital of $65 million and a book value per share of $19.
This record level of stockholders' equity results in book value per share of $12.
NASDAQ: DLFI) told security analysts today that Delphi's fully-diluted book value per share had grown at a 38 percent compound annual rate over the past five years.
Delphi's growth in book value per share evidences our commitment to enhance shareholder value," Rosenkranz told analysts at New York's University Club.