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Sonic Corp (NAS:SONC)
Book Value Per Share
$1.06 (As of May. 2014)

Sonic Corp's book value per share for the quarter that ended in May. 2014 was $1.06.

During the past 12 months, Sonic Corp's average Book Value Per Share Growth Rate was -1.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 56.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Sonic Corp was 56.50% per year. The lowest was 12.10% per year. And the median was 19.20% per year.

As of today, Sonic Corp's share price is $22.53. Sonic Corp's Book Value per Share for the quarter that ended in May. 2014 was $1.06. Hence, Sonic Corp's P/B Ratio of today is 21.25.

During the past 13 years, the highest P/B Ratio of Sonic Corp was 2395.00. The lowest was 3.50. And the median was 10.92.


Definition

Sonic Corp's Book Value Per Share for the fiscal year that ended in Aug. 2013 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Total Shares Outstanding
=(77.5-0.0)/56.3
=1.38

Sonic Corp's Book Value Per Share for the quarter that ended in May. 2014 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Total Shares Outstanding
=(57.5-0.0)/54.4
=1.06

* 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.

Sonic Corp Annual Data

Aug04Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13
Book Value Per Share 3.744.324.59-1.76-1.06-0.070.360.831.021.38

Sonic Corp Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
Book Value Per Share 0.810.831.020.870.871.081.381.510.821.06
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