The book value of a stock, in simple terms, is what a shareholder would get per share if all the assets of the company ere sold of, all the debts paid off, and the remaining cash distributed among all the shareholders. The ratio that is used is the Price to Book ratio. The lower the number, the better. It means that you are buying the companies net assets at a lower price. If the Price to Book is below 1, it means that the shares are selling for less than the the net worth of the company. Here are some stocks with a Price to Book below one and market caps over $500 million.
Rite Aid Corporation (RAD) selling at $1.32, has a market cap of $1.1 billion and a Price to Book of 0.88.
Qimonda AG (QI), priced at $1.72, has a market cap of $588.2 million and a Price to Book of 0.20.
Sanmina-SCI Corporation (SANM) trades at $1.74, has a market cap of $922.3 million and a Price to Book of 0.78.
3Com Corporation (COMS) trades at $1.87, has a market cap of $757.9 million and a Price to Book of 0.76.
Graphic Packaging Holding Company (GPK) trades at $2.25, has a market cap of $768.7 million and a Price to Book of 0.86.
United Microelectronics Corp (UMC) trades at $2.51, has a market cap of $6.3 billion and a Price to Book of 0.95.
Semiconductor Manufacturing International (SMI) trades at $2.68, has a market cap of $996.6 million and a Price to Book of 0.36.
Blockbuster Inc. (BBI) trades at $2.78, has a market cap of $548.4 million and a Price to Book of 0.96.
Coeur d'Alene Mines Corporation (CDE) trades at $2.81, has a market cap of $1.5 billion and a Price to Book of 0.92.
If you like low priced stocks, you should also check out Why Now is the Best Time to Look for Stocks Below $10 and Highest Yielding Stocks Under $5 a Share.
By Fred Fuld at Stockerblog.com
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