TBV....so whatwell, did you know that Amazon's Tangible Book Value is but a mere fracture of its share price...
it's about $37 as of March//17, so Aimia is far from unique in this regard....
https://www.gurufocus.com/term/Tangibles_book_per_share/AMZN/Tangible%252BBook%252Bper%252BShare/Amazon.com%2BInc