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Genworth Financial, Inc. Message Board

  • song1017 song1017 Dec 24, 2008 11:38 PM Flag

    Book value of $24.25 means to GNW

    GNW has book value of $24.25, and assets of over $100B, GNW is a big solid financial insurer. Want to know what book value means to GNW:

    Book value is the accounting value of a firm. It has two main uses:

    1. It is the total value of the company's assets that shareholders would theoretically receive if a company were liquidated.

    2. By being compared to the company's market value, the book value can indicate whether a stock is under- or overpriced.

    3. In personal finance, the book value of an investment is the price paid for a security or debt investment. When a stock is sold, the selling price less the book value is the capital gain (or loss) from the investment.
    http://www.investopedia.com/terms/b/bookvalue.asp

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GNW
1.67-0.19(-10.22%)Feb 9 4:02 PMEST