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Titanium Metals Corporation (NYSE:TIE)
Book Value Per Share
\$7.04 (As of Sep. 2012)

Titanium Metals Corporation's book value per share for the quarter that ended in Sep. 2012 was \$7.04.

During the past 12 months, Titanium Metals Corporation's average Book Value Per Share Growth Rate was 0.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 4.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 4.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 20.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Titanium Metals Corporation was 62.60% per year. The lowest was -27.30% per year. And the median was 5.80% per year.

Titanium Metals Corporation's current price is \$16.50. Its book value per share for the quarter that ended in Sep. 2012 was \$7.04. Hence, today's P/B Ratio of Titanium Metals Corporation is 2.44.

During the past 13 years, the highest P/B Ratio of Titanium Metals Corporation was 17.12. The lowest was 0.72. And the median was 2.58.

Good Sign:

Titanium Metals Corporation stock P/B Ratio (=2.34) is close to 3-year low of 2.34

Definition

Titanium Metals Corporation's Book Value Per Share for the fiscal year that ended in Dec. 2011 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Shares Outstanding (EOP) = (1,218 - 0) / 180 = 6.76

Titanium Metals Corporation's Book Value Per Share for the quarter that ended in Sep. 2012 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Shares Outstanding (EOP) = (1,232 - 0) / 175 = 7.04

* 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.

Titanium Metals Corporation Annual Data

 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Book Value Per Share 1.25 1.25 1.62 2.37 4.99 6.96 5.95 6.15 6.71 6.76

Titanium Metals Corporation Semi-Annual Data

 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Book Value Per Share 6.22 6.47 6.71 6.97 7.10 7.01 6.76 7.04 6.96 7.04
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