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Sonic Corp  (NAS:SONC) Book Value per Share: \$-5.90 (As of Nov. 2017)

Sonic Corp's book value per share for the quarter that ended in Nov. 2017 was \$-5.90.

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 Sonic Corp was 56.10% per year. The lowest was -30.60% per year. And the median was 19.45% per year.

Sonic Corp's current price is \$26.49. Its book value per share for the quarter that ended in Nov. 2017 was \$-5.90. Hence, today's PB Ratio of Sonic Corp is .

During the past 13 years, the highest P/B Ratio of Sonic Corp was 192.91. The lowest was 8.06. And the median was 17.62.

Historical Data

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

Sonic Corp Annual Data

 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Book Value per Share 1.38 1.17 0.34 -1.62 -5.02

Sonic Corp Quarterly Data

 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Book Value per Share -2.53 -3.66 -4.12 -5.02 -5.90

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

Sonic Corp's Book Value Per Share for the fiscal year that ended in Aug. 2017 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Shares Outstanding (EOP) = (-201.8 - 0.0) / 40.2 = -5.02

Sonic Corp's Book Value Per Share for the quarter that ended in Nov. 2017 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Shares Outstanding (EOP) = (-237.3 - 0.0) / 40.3 = -5.90

* 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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