P/B values of MIN the last 3 years
Column 1 Column 2 Column 3 Column 4 0 year 2015 2016 2017 1 equity $ 1,082,000,000 $ 1,008,000,000 $ 1,132,000,000 2 share capital 188000000 187000000 187000000 3 book value p/s $ 5.76 $ 5.39 $ 6.05 4 share price $ 6.60 $ 8.13 $ 10.85 5 P/B ratio 1.15 1.51 1.79
share price is has been running away from the book value per share over the last 3 financial years.
there are plus and minuses to high PB
plus: growth confidence in company
minus: share price could tank on negative announcement
IMO i dont want shares in a company that is that over valued.
good luck to CE but if you win im out!
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