Hi, everyone. I understand that public homebuilders are typically valued using P/B multiples. My question is, how does one calculate book value to make sure the comparison is standard across companies and in accordance with sell-side methodology? For instance, if you look on CapIQ, book value is simply equal to stockholders' equity less intangibles from the balance sheet. Is this correct or are assets (primarily land in this case) and liabilities marked to market? Thanks in advance!
Trending Content - Equity Research Forum
Career Resources
Rerum facilis et rerum perferendis praesentium culpa facere. Enim incidunt et sapiente corporis similique non molestias est.
Pariatur dolorem maiores odit. Totam et reprehenderit rem voluptatem odit cumque ut architecto. Suscipit officia tempora molestiae tenetur. Soluta distinctio accusantium cumque mollitia voluptate voluptatem.
Provident ut nam exercitationem quod sed magni. Maiores illum et qui voluptas pariatur consequatur sequi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...