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That suggests a valuation above book value.
"Is this book value good?
"We're trading at book value".
Cerberus is paying less than book value.
Typically banks are valued as a multiple of book value.
(That's the "book value" of the company).
Five years ago, they traded at nearly three times book value.
"The Blue Book value was $14,000," he said flatly.
The discounts to book value are one reason.
Its book value per common share was $39.45.
Its book value, if perfect, was less than $500.
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