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Gouverneur Bancorp Inc  (OTCPK:GOVB) Book Value per Share: \$9.05 (As of Jun. 2008)

Gouverneur Bancorp Inc's book value per share for the quarter that ended in Jun. 2008 was \$9.05.

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.

Gouverneur Bancorp Inc's current price is \$14.30. Its book value per share for the quarter that ended in Jun. 2008 was \$9.05. Hence, today's PB Ratio of Gouverneur Bancorp Inc is 1.58.

Historical Data

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

Gouverneur Bancorp Inc Annual Data

 Sep98 Sep99 Sep00 Sep01 Sep02 Sep03 Sep04 Sep05 Sep06 Sep07 Book Value per Share 7.70 7.87 8.19 8.67 8.88

Gouverneur Bancorp Inc Quarterly Data

 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Book Value per Share 8.88 8.88 8.93 9.00 9.05

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

Gouverneur Bancorp Inc's Book Value Per Share for the fiscal year that ended in Sep. 2007 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Shares Outstanding (EOP) = (20.43 - 0.00) / 2.30 = 8.88

Gouverneur Bancorp Inc's Book Value Per Share for the quarter that ended in Jun. 2008 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Shares Outstanding (EOP) = (20.82 - 0.00) / 2.30 = 9.05

* 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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