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Tribune Media Co (OTCPK:TRBAA)
Book Value Per Share
\$-60.36 (As of Sep. 2008)

Tribune Media Co's book value per share for the quarter that ended in Sep. 2008 was \$-60.36.

Tribune Media Co's current price is \$78.22. Its book value per share for the quarter that ended in Sep. 2008 was \$-60.36. Hence, today's P/B Ratio of Tribune Media Co is 0.00.

Definition

Tribune Media Co's Book Value Per Share for the fiscal year that ended in Dec. 2007 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Total Shares Outstanding = (3,098 - 0) / 188 = 16.45

Tribune Media Co's Book Value Per Share for the quarter that ended in Sep. 2008 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Total Shares Outstanding = (-6,298 - 0) / 104 = -60.36

* 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

Historical Data

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

Tribune Media Co Annual Data

 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Book Value Per Share 8.53 13.09 18.34 14.22 17.96 20.84 20.54 21.00 4.63 16.45

Tribune Media Co Quarterly Data

 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Book Value Per Share 21.61 17.83 4.63 18.48 0.89 1.60 29.69 -15.99 -59.33 -60.36
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