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Red Hat Inc  (NYSE:RHT) Book Value per Share: $7.35 (As of May. 2017)

Red Hat Inc's book value per share for the quarter that ended in May. 2017 was $7.35.

During the past 12 months, Red Hat Inc's average Book Value Per Share Growth Rate was -1.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -4.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -1.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 5.40% 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 Red Hat Inc was 34.60% per year. The lowest was -8.40% per year. And the median was 9.70% per year.

Red Hat Inc's current price is $106.84. Its book value per share for the quarter that ended in May. 2017 was $7.35. Hence, today's PB Ratio of Red Hat Inc is 14.53.

During the past 13 years, the highest P/B Ratio of Red Hat Inc was 14.61. The lowest was 1.52. And the median was 6.58.

Warning Sign:

Red Hat Inc stock PB Ratio (=14.45) is close to 10-year high of 14.61


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.

Red Hat Inc Annual Data

Feb08 Feb09 Feb10 Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17
Book Value per Share Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.88 8.18 7.02 7.37 7.05

Red Hat 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 7.45 7.34 7.12 7.05 7.35

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

Red Hat Inc's Book Value Per Share for the fiscal year that ended in Feb. 2017 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Shares Outstanding (EOP)
=(1,247-0)/177
=7.05

Red Hat 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)
=(1,306-0)/178
=7.35

* 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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