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University Bancorp Inc (OTCPK:UNIB)
Book Value Per Share
$1.34 (As of Sep. 2008)

University Bancorp Inc's book value per share for the quarter that ended in Sep. 2008 was $1.34.

University Bancorp Inc's current price is $7.49. Its book value per share for the quarter that ended in Sep. 2008 was $1.34. Hence, today's P/B Ratio of University Bancorp Inc is 0.00.


Definition

University Bancorp Inc'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
=(5.98-0.00)/4.31
=1.39

University Bancorp Inc'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
=(5.73-0.00)/4.29
=1.34

* 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.

University Bancorp Inc Annual Data

Dec98Dec99Dec00Dec01Dec02Dec03Dec04Dec05Dec06Dec07
Book Value Per Share 1.561.000.651.200.820.840.731.271.241.39

University Bancorp Inc Quarterly Data

Jun06Sep06Dec06Mar07Jun07Sep07Dec07Mar08Jun08Sep08
Book Value Per Share 1.271.251.241.261.491.501.331.461.411.34
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