7 March 2008 Note: *) PBV: price to book value
(book value) Source: Data Consult/ICN
Because of the dichotomous grouping of companies, the total sample of "brand value" and "zero brand value" companies allow for tests of the representational faithfulness of balance sheets, as represented by variations in price to book value
If one accepts the premise that certain types of companies which have high price to book value
multiples have balance sheets that are less representationally faithful than the balance sheets of companies with low price to book value
multiples, then there are some apparent conclusions that can be drawn from this study.
Sorouh currently trades at a price earnings of 7x and a price to book value
3 billion(a), and stated its belief that the Company is undervalued, as compared to international competitors based on TEV/EBITDA and Price to Book Value
This equity retirement greatly skews both return on average equity (66% in 2007) and price to book value
The banking sector in particular has witnessed stellar performance on the Karachi Stock Exchange 100 Index, with current trading range of price to book value
multiples of two to four times.
According to the report, "PNB is the cheapest Florida community bank on a price to book value
basis, trading at a 55% discount to its peers, or at 1.
Schlumberger's book equity declined substantially during this period, and its stock trades at a very high price to book value
The acquisition price to book value
will be approximately 3.
We identify stocks that can be acquired at a low price to book value
in an effort to buy hard assets at a discount.
Meeting with management and assessing a number of criteria beyond sheer price-to-earnings -- including price to book value
, enterprise value to cashflow -- Brody's group makes its investment decision based on long-term investment horizon.