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Sycamore Networks Inc  (OTCPK:SCMR) Book Value per Share: \$2.44 (As of Jan. 2013)

Sycamore Networks Inc's book value per share for the quarter that ended in Jan. 2013 was \$2.44.

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.

Sycamore Networks Inc's current price is \$0.23. Its book value per share for the quarter that ended in Jan. 2013 was \$2.44. Hence, today's PB Ratio of Sycamore Networks Inc is 0.09.

Historical Data

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

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Sycamore Networks Inc Annual Data

 Jul03 Jul04 Jul05 Jul06 Jul07 Jul08 Jul09 Jul10 Jul11 Jul12 Book Value per Share 34.78 33.09 22.65 15.61 15.31

Sycamore Networks Inc Quarterly Data

 Apr08 Jul08 Oct08 Jan09 Apr09 Jul09 Oct09 Jan10 Apr10 Jul10 Oct10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12 Jan13 Book Value per Share 15.51 15.37 15.31 5.11 2.44

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

Sycamore Networks Inc's Book Value Per Share for the fiscal year that ended in Jul. 2012 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Shares Outstanding (EOP) = (442.23 - 0.00) / 28.88 = 15.31

Sycamore Networks Inc's Book Value Per Share for the quarter that ended in Jan. 2013 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Shares Outstanding (EOP) = (70.56 - 0.00) / 28.88 = 2.44

* 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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