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Electro Rent Corp (NAS:ELRC)
Book Value Per Share
$9.63 (As of Aug. 2014)

Electro Rent Corp's book value per share for the quarter that ended in Aug. 2014 was $9.63.

During the past 12 months, Electro Rent Corp's average Book Value Per Share Growth Rate was 2.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -1.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -0.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 1.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Electro Rent Corp was 20.40% per year. The lowest was -12.80% per year. And the median was 3.20% per year.

As of today, Electro Rent Corp's share price is $14.68. Electro Rent Corp's Book Value per Share for the quarter that ended in Aug. 2014 was $9.63. Hence, Electro Rent Corp's P/B Ratio of today is 1.52.

During the past 13 years, the highest P/B Ratio of Electro Rent Corp was 2.22. The lowest was 0.79. And the median was 1.57.

Good Sign:

Electro Rent Corp stock P/B Ratio (=1.52) is close to 2-year low of 1.41


Definition

Electro Rent Corp's Book Value Per Share for the fiscal year that ended in May. 2014 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Total Shares Outstanding
=(231.0-0.0)/24.0
=9.62

Electro Rent Corp's Book Value Per Share for the quarter that ended in Aug. 2014 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Total Shares Outstanding
=(231.2-0.0)/24.0
=9.63

* 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.

Electro Rent Corp Annual Data

May05May06May07May08May09May10May11May12May13May14
Book Value Per Share 7.788.699.429.879.559.6010.0210.349.529.62

Electro Rent Corp Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
Book Value Per Share 10.3410.369.229.459.529.389.629.629.629.63
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