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"On a pure asset minus liability situation, the shareholders' liability is covered right now," he said.
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Book value is net assets (assets minus liabilities), or "owners' equity", in accounting terminology.
Today United Technologies stock commands a valuation of more than three times its assets minus liabilities.
Comerica is paying 2.4 times book value, or assets minus liabilities, to buy Imperial.
Insurers traded at about 1.5 times book value, or assets minus liabilities, before the crisis.
The group, led by Roberto Setúbal, is valued at around 2.2 times book value, or assets minus liabilities.
True, under Mr. Blankfein, the value of Goldman's assets minus liabilities per share has more than doubled.
Net worth represents total assets, like homes and checking accounts, minus liabilities like mortgages and credit card debt.
Mr. Buffett typically highlights book value, the measure of assets minus liabilities, in his annual letter to shareholders.
Credit Suisse has agreed to pay about three times Donaldson's book value, or the value of its assets minus liabilities.
These are return on equity (net income divided by shareholders' equity) and book value (assets minus liabilities).
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CEO of Professional Science Editing for Scientists @ prosciediting.com