It is the theoretical value attributable to one ordinary share in case of company liquidation. It is the ratio between the company book value and the number of outstanding ordinary shares.
It represent the allocation: of book value assets, net of liabilities, among the shares. It is a relevant indicator especially for sectors such as insurance, the banking and financial, for which the activities are more easily countable.
AA.VV., Matematica Finanziaria, Monduzzi Editore, 1998.
Abate G., Gli indici del mercato azionario. La misurazione dell'efficienza, EGEA, 2013.
Editor: Giuliano DI TOMMASO