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Costamare (Costamare) Book Value per Share : $20.13 (As of Dec. 2023)


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What is Costamare Book Value per Share?

Costamare's book value per share for the quarter that ended in Dec. 2023 was $20.13.

During the past 12 months, Costamare's average Book Value Per Share Growth Rate was 14.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 22.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 12.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 5.90% 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 Costamare was 28.20% per year. The lowest was -1.90% per year. And the median was 12.05% per year.

Costamare's current price is $11.60. Its book value per share for the quarter that ended in Dec. 2023 was $20.13. Hence, today's PB Ratio of Costamare is 0.58.

During the past 13 years, the highest P/B Ratio of Costamare was 2.43. The lowest was 0.31. And the median was 0.64.


Costamare Book Value per Share Historical Data

The historical data trend for Costamare'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.

* Premium members only.

Costamare Book Value per Share Chart

Costamare Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Book Value per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.84 11.04 13.92 17.64 20.13

Costamare Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Book Value per Share Get a 7-Day Free Trial 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 17.64 18.47 19.19 19.72 20.13

Competitive Comparison of Costamare's Book Value per Share

For the Marine Shipping subindustry, Costamare'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.


Costamare's PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Costamare's PB Ratio distribution charts can be found below:

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



Costamare Book Value per Share Calculation

Costamare'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)
=(2,383-0)/118
=20.13

Costamare's Book Value Per Share for the quarter that ended in Dec. 2023 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(2,383-0)/118
=20.13

* 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.

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.


Costamare  (NYSE:CMRE) 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.


Costamare Book Value per Share Related Terms

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Costamare (Costamare) Business Description

Address
7 Rue du Gabian, Monaco, MCO, MC 98000
Costamare Inc is an international owner and operator of containerships and dry bulk vessels. The company charter its containerships to the liner companies, providing transportation of containerized cargoes. It charter its dry bulk vessels to a wide variety of customers, providing transportation for dry bulk cargoes. The company's fleet of vessels includes Cosco Guangzhou, Cosco Ningbo, Cosco Yantian, Vantage, Valor, Valiant, Maersk Kobe, and among others. Costamare provides services to ocean carriers that demand a high standard of safety and reliability. It generates a majority of its revenue from the United States of America.