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Primus Guaranty Ltd  (OTCPK:PRSG) Book Value per Share: \$-4.18 (As of Dec. 2011)

Primus Guaranty Ltd's book value per share for the quarter that ended in Dec. 2011 was \$-4.18.

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.

Primus Guaranty Ltd's current price is \$0.15. Its book value per share for the quarter that ended in Dec. 2011 was \$-4.18. Hence, today's PB Ratio of Primus Guaranty Ltd is .

Historical Data

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

Primus Guaranty Ltd Annual Data

 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Book Value per Share -2.08 -39.86 -8.95 -2.39 -4.18

Primus Guaranty Ltd Quarterly Data

 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Book Value per Share -2.39 -0.19 1.42 -6.88 -4.18

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

Primus Guaranty Ltd's Book Value Per Share for the fiscal year that ended in Dec. 2011 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Shares Outstanding (EOP) = (-145.64 - 0.00) / 34.84 = -4.18

Primus Guaranty Ltd's Book Value Per Share for the quarter that ended in Dec. 2011 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Shares Outstanding (EOP) = (-145.64 - 0.00) / 34.84 = -4.18

* 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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