RE:RE:LBS NAV now at 7.55 to MAY 16wheeloffortune wrote: If Class A LBS NAV is $7.55 and it's trading at $7.70, why is P/BV 0.765? Shouldn't p/bv be over 1 or should the NAV be $10.6?
LBS on Quotemedia.com is reporting a Book Value of Equity per Share as $10.06 which at the current price of $7.70 gives a P/BV of 0.765.
LBS on TMXMoney is reporting a P/B Ratio of 0.772. At the reported price of $7.77 that also works out to $10.06.
$10.06 happens to be the value of the NAV at the beginning of 2018. Coincidence?
As far as I know, NAV = Book Value, so if websites are reporting numbers or ratios differing from Brompton's NAV reported May 16 of $7.55 they are incorrect.
TMXMoney reports the P/B Ratio of FTN as 1.3 which is too low, but at least is over 1. The number for FFN and DGS is either too low or too high. IOW their numbers are not dependable.