GREY:NEVDQ - Post by User
Comment by
Notgnuon Jun 06, 2021 8:29pm
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Post# 33338262
RE:RE:Price to Book
RE:RE:Price to BookWoW Slopdribbler1 ...you are stupid beyond belief.
N
topadvisor1 wrote: LOL. TAKE A LOOK AT THIS AND TELL ME HOW CLOSE TO BOOK VALUE IT TADES.
NO ONE OTHER THAN A FEW PEOPLE IN THE MARKETS USE BOOK VALUE. FOR MOST, IT IS USELESS.
Tesla's current price is $599.05. Its book value per share for the quarter that ended in Mar. 2021 was $23.90. Hence, today's PB Ratio of Tesla is 25.06.
General Motors Co's share price at the end of March was around $59. Its book value per share for the quarter that ended in Mar. 2021 was $33.31. Hence, it's PB Ratio of GM is around 1.77.
They are both auto makers and look at that difference.
Tesla according to you is a HUGE SELL yet it's done 10 TIMES OR MOE BETTER share pice wise than GM or Ford.
Again, it is NOT AMEASUE TO CALCULATE FUTURE COMPANY EARNINGS AND HENCE FUTURE SHARE PRICE POTENTIAL.