At least 11 listed companies in the High Capitalization index are still trading below their book value Stock Exchange of Athens.
This means, in short, that the current capitalization of certain companies is smaller relative to their size. justiceas a result of their total property.
The image of the pointer P/BV, which reflects price/share to book value/share, is very indicative of the attractive valuations that a prospective investor in Athens Avenue may encounter.
Besides, the index in question is considered one of the largest TRUSTWORTHY ways to evaluate a listed company, because it calculates the relationship between the stock market and real (book) value.The lower the P/BV ratio, the lower the value of the stock, while if the P/BV is exactly 1x, it means that the Market value equals book value.
However, it is reasonable that prices above 1x are accepted by the investment community, because there is also a so-called excess value, which is the result of intangible characteristics, such as prospects, activity sector, reliability of the field, and so on. .
Stocks with P/BV below 1x
In blue chips, now, its stock Alpha Bank has the lowest P/BV ratio at just 0.52x, while Piraeus Bank follows at 0.62x.
It is also sold at a very low real value EYDP (P/BV of 0.69x), with shares of Hellenic Energy, ELVALHALCOR and ELECTORS enjoy a market-to-real value ratio of 0.7x.
On top of that, the current capitalization is lower than the equity of five other “heavyweights” in the Greek board.
For example, the Motor Oil has a P/BV ratio of 0.81x, h Eurobank at 0.88x, h National Bank and the Viohalco of 0.89x, while the PPC it follows 0.93x. All of them, that is, have a lower market value than the book value.
In addition to this, there are still six listed companies in High Capitalization, whose capitalization exceeds the amount of equity, but within reasonable limits, with the P/BV ratio not exceeding 2x.
In particular, the Development of Lamda has the letter 1.07x, h Autohellas 1.25x, h Titan cement 1.53x, h GEK TERNA 1.78x, h melt 1.81x and n Sarantis 1.86x.