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The average price last year was 1.9 times book value.
They now trade at 1.6 times book value, down from 4 in 2000.
So that is a hard book value not a soft one.
Five years ago, they traded at nearly three times book value.
Investors once paid a lot of attention to book value.
Book values for those companies actually increased under the new standard.
The blue book value on that motorcycle is quite small.
Its peers trade at an average of 1.2 times book value.
Most bank acquisitions are done at two times book value, or less.
Instead, they rose, reaching three and four times book value.
Since 1995, the company has traded in a range of 1.31 to 3.7 times its book value.
Until recently, its stock had been selling below book value.
He expects its book value to grow 22 percent a year over the next two years.
The company adjusted the prices every four weeks, based on the company's book value.
"If you pay more than book value, you're generally giving away money."
Lane said the proposed price is about 2.5 times its book value.
"A lot of things out there are trading below book value," she said.
A number of major companies' shares are trading at less than book value.
Indeed, the company has raised its book value an astonishing 25.5 percent in each of the last 10 years.
On average, other insurance company stocks trade at prices above their book value.
Most banks, he said, are buying their stock at well above book value.
The sum represents 4.65 times the book value of the bank.
Its shares are selling at nearly nine times the company's book value.
An example of where book value does not mean much is the service and retail sectors.
Instead of relying simply on book value, he studied a company's management and performance.