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Griffin Industrial Realty Inc  (NAS:GRIF) Book Value per Share: $18.66 (As of May. 2017)

Griffin Industrial Realty Inc's book value per share for the quarter that ended in May. 2017 was $18.66.

During the past 12 months, Griffin Industrial Realty Inc's average Book Value Per Share Growth Rate was 4.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -1.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -2.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -4.30% 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 Griffin Industrial Realty Inc was 10.90% per year. The lowest was -7.90% per year. And the median was -1.90% per year.

Griffin Industrial Realty Inc's current price is $36.46. Its book value per share for the quarter that ended in May. 2017 was $18.66. Hence, today's PB Ratio of Griffin Industrial Realty Inc is 1.95.

During the past 13 years, the highest P/B Ratio of Griffin Industrial Realty Inc was 1.97. The lowest was 0.97. And the median was 1.39.

Warning Sign:

Griffin Industrial Realty Inc stock PB Ratio (=1.94) is close to 10-year high of 1.94


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Griffin Industrial Realty Inc Annual Data

Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16
Book Value per Share Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.26 19.05 18.62 18.41 17.98

Griffin Industrial Realty Inc Quarterly Data

Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17
Book Value per Share Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.92 17.78 17.98 17.80 18.66

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Calculation

Griffin Industrial Realty Inc's Book Value Per Share for the fiscal year that ended in Nov. 2016 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Shares Outstanding (EOP)
=(90.80-0.00)/5.05
=17.98

Griffin Industrial Realty Inc's Book Value Per Share for the quarter that ended in May. 2017 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Shares Outstanding (EOP)
=(93.28-0.00)/5.00
=18.66

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 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.


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