I am looking to find the book value to use to calculate a Price to BV ratio. But I am finding various numbers and I don’t know which one I should use.
Yahoo shows 8.64 (mrq)
Fidelity shows 8.64 (12/31/15)
Morningstar shows 8.37 (2015-12)
Morningstar shows 8.49 (TTM)
Fool.com shows 8.96 (MRQ as of 4/7/16)
Could someone please explain the differences and point to the most appropriate BV to use?
Thank you.
Ken
point to the most appropriate BV to use?
Ken
The financial statements in the SEC filings 10-K and 10-Q.
Denny Schlesinger
Denny:
Any ratios can be found/calculated by looking at the SEC filings. I was trying to figure out why each of the book values are different if the calculation is based on the SEC numbers.
Thank you.
Ken
I was trying to figure out why each of the book values are different if the calculation is based on the SEC numbers.
Ken
I don’t really know but I think the services try to improve on the “raw” GAAP numbers and they all do it a bit differently. It’s that bit of expertise that the article Duma linked talks about. I’m OK with ball park numbers but when I want “real” numbers I go the the SEC filings.
Denny Schlesinger