Book Value Intangible Assets Price to Book 
Harvard Corporate Governance
JULY 9, 2024
The S&P 500 currently trades at a price to book value of 4.2, suggesting that book value accounts for less than 20% of the S&P 500’s market value. Human capital, for example, is an intangible asset omitted from balance sheets, and is commonly categorized under the S in ESG.
IVSC
FEBRUARY 7, 2022
Searching for stocks with low price-to-book ratios was a good indication of a potential bargain. However, book values are no longer so informative as lots of intangibles are missing from the balance sheet, and some intangibles that are on the balance sheet, including many acquired intangibles and goodwill, are very hard to interpret.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Valutico
MAY 6, 2024
Market-based methods like Comparable Companies Analysis and Precedent Transactions Analysis offer relative measures of value based on market data. Income-based methods such as Discounted Cash Flow analysis focus on future cash flows to determine value. Simplicity: Simpler to calculate with fewer assumptions about future performance.
Equilest
NOVEMBER 25, 2023
Dive into the nuances of industry-specific multiples, grasp the challenges of valuing intangible assets, and discover the evolving landscape of incorporating Environmental, Social, and Governance (ESG) factors into the valuation framework. One key emphasis is on the Price to Book Value multiple.
Musings on Markets
JANUARY 26, 2025
In the next section, I look at stock returns for companies in different price to book deciles, in a simplistic assessment of the value premium. With both the size and value premiums, I will extend my assessment over time to see how (and why) these premiums have changed, with lessons for analysts and investors.
Expert insights. Personalized for you.
210 
Let's personalize your content