The book value per share of common stock expresses the relationship of common stockholders' equity to the number of shares of common stock outstanding.

因此，如果公司只发行普通股，每股账面价值的计算为股东权益总额除以发行在外的股数。

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By Buffett's preferred measure of performance — book value per share — Berkshire fell 9.6 percent in 2008.

从巴菲特最喜欢的衡量股票表现的标准——“每股账面价值”来看，Berkshire在2008年下跌了9.6%。

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A stock's book value per share is a measure of how much a common stockholder could expect to receive for each share if the corporation were liquidated.

一只股票的每股账面价值是测量股东在如果公司被清算时每股所能得到的份额。

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One example of a company that actually did make large repurchases of shares substantially below book value in 2011 is American Capital ( NASDAQ: ACAS), which announced it bought back millions of shares of its own stock, at prices considerably below its most recent reported book value per share, thereby elevating the per-share book value of the remaining shares.

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The Price to Book ratio is a formula that represents the most recent share price of a company compared to its book value per share (the residual dollar value for common shareholders after assets are liquidated and all debtors are paid).

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However, tangible book value per share is a good measure of liquidation value, or the amount that shareholders can reasonably expect to receive should the company go under.

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