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Listed here are data for five companies. These data are for the companies' 2017 fiscal years. The market price per share is the closing price
Listed here are data for five companies. These data are for the companies' 2017 fiscal years. The market price per share is the closing price of the companies' stock as of February 28, 2018, two months after the end of their fiscal years. Except for market price per share, all amounts are in millions. The shares outstanding number is the weighted-average number of shares the company used to compute basic earnings per share. Note that Berkshire has only 1.645 million shares outstanding, not 1,645 million. Required: Compare each company's book value per share to its market price per share. Based on the data, rank the companies from most valuable (1) to least valuable (5). (The higher the ratio of market value to book value, the greater the value the stock market appears to be assigning to a company's stock.) Listed here are data for five companies. These data are for the companies' 2017 fiscal years. The market price per share is the closing price of the companies' stock as of February 28, 2018, two months after the end of their fiscal years. Except for market price per share, all amounts are in millions. The shares outstanding number is the weighted-average number of shares the company used to compute basic earnings per share. Note that Berkshire has only 1.645 million shares outstanding, not 1,645 million. Required: Compare each company's book value per share to its market price per share. Based on the data, rank the companies from most valuable (1) to least valuable (5). (The higher the ratio of market value to book value, the greater the value the stock market appears to be assigning to a company's stock.)
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