FirstService (FirstService) Book Value per Share : $23.33 (As of Mar. 2024)

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What is FirstService Book Value per Share?

FirstService's book value per share for the quarter that ended in Mar. 2024 was $23.33.

During the past 12 months, FirstService's average Book Value Per Share Growth Rate was 9.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 16.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 27.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 20.80% 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 FirstService was 66.70% per year. The lowest was -2.10% per year. And the median was 23.55% per year.

FirstService's current price is $149.80. Its book value per share for the quarter that ended in Mar. 2024 was $23.33. Hence, today's PB Ratio of FirstService is 6.42.

During the past 13 years, the highest P/B Ratio of FirstService was 19.38. The lowest was 4.15. And the median was 9.45.

Good Sign:

FirstService Corp stock PB Ratio (=6.57) is close to 5-year low of 6.14

FirstService Book Value per Share Historical Data

The historical data trend for FirstService's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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FirstService Book Value per Share Chart

FirstService Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Book Value per Share

Get a 7-Day Free Trial

10.26

15.15

18.17

20.52

22.92

FirstService Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Book Value per Share	Get a 7-Day Free Trial															21.15	22.15	22.80	22.92	23.33

Competitive Comparison of FirstService's Book Value per Share

For the Real Estate Services subindustry, FirstService's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.

FirstService's PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, FirstService's PB Ratio distribution charts can be found below:

* The bar in red indicates where FirstService's PB Ratio falls into.

FirstService Book Value per Share Calculation

FirstService's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(1,024	-	0)	/	45
	=	22.92

FirstService's Book Value Per Share for the quarter that ended in Mar. 2024 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(1,049	-	0)	/	45
	=	23.33

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders 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.

FirstService (NAS:FSV) Book Value per Share 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.

FirstService Book Value per Share Related Terms

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FirstService (FirstService) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » FirstService Corp (NAS:FSV) » Definitions » Book Value per Share

Comparable Companies

Traded in Other Exchanges

FSV:Canada

Address

1255 Bay Street, Suite 600, Toronto, ON, CAN, M5R 2A9

Website

https://www.firstservice.com

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives. FirstService Brands generates most of the company's revenue and provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America. The company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada.