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Fifth Street Finance Corporation (NAS:FSC)
Book Value Per Share
$9.71 (As of Jun. 2014)

Fifth Street Finance Corporation's book value per share for the quarter that ended in Jun. 2014 was $9.71.

During the past 12 months, Fifth Street Finance Corporation's average Book Value Per Share Growth Rate was -1.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -1.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -2.30% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Fifth Street Finance Corporation was -1.90% per year. The lowest was -8.20% per year. And the median was -2.60% per year.

Fifth Street Finance Corporation's current price is $8.87. Its book value per share for the quarter that ended in Jun. 2014 was $9.71. Hence, today's P/B Ratio of Fifth Street Finance Corporation is 0.91.

During the past 6 years, the highest P/B Ratio of Fifth Street Finance Corporation was 1.34. The lowest was 0.43. And the median was 1.01.

Good Sign:

Fifth Street Finance Corporation stock P/B Ratio (=0.91) is close to 5-year low of 0.86


Definition

Fifth Street Finance Corporation's Book Value Per Share for the fiscal year that ended in Sep. 2013 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Total Shares Outstanding
=(1,368.9-0.0)/139.0
=9.85

Fifth Street Finance Corporation's Book Value Per Share for the quarter that ended in Jun. 2014 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Total Shares Outstanding
=(1,351.3-0.0)/139.2
=9.71

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company.

Book value may include intangible items which may come from the company’s past acquisitions. Book value less intangibles is called Tangible Book.


Explanation

Usually a company’s book value and Tangible Book Value per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Related Terms

Total Equity, Preferred Stock, Total Shares Outstanding, Tangible Book Value per Share


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Fifth Street Finance Corporation Annual Data

Sep08Sep09Sep10Sep11Sep12Sep13
Book Value Per Share 0.000.000.000.0013.0210.8410.4310.0710.039.85

Fifth Street Finance Corporation Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Book Value Per Share 9.879.8510.039.889.909.899.859.859.819.71
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