book value = 25.86 Substact Liabilities =.54*book = -13.71 leaving Net book value at 12.14
Then profits times 10 = 1.53 * 10 = 15.33 Current value Net book times 10 * earning = 27.47
Future earning next year estimated at 2.40 to 3.40 with consenses ave at 2..69.
Next Year earnings at 2.69 times 10 = 26.90 Plus net book value 12.14 = 39.04
Is PBR oversold?
If you take into account the quality of management and the future govt cash milking from the company, PBR stock should be less than $10. I know you don't believe me so just wait. You will see.