Book Value per ShareBVPS

BVPS shows the accounting value of each share, that is, what each shareholder would theoretically receive if all assets were sold at book value and all liabilities paid. In Nepal it is commonly called net worth per share.

Shareholders' equity includes paid-up capital, share premium, retained earnings, general reserve and other reserves. Preference capital, if any, is excluded when calculating BVPS for ordinary shares. The number of shares is taken at the balance sheet date.

BVPS rises when the bank retains profit and falls when it pays large dividends or makes losses. A bonus share issue does not change total equity but increases the number of shares, so BVPS falls proportionately.

Comparing market price with BVPS gives the price-to-book ratio. For banks, whose assets are mostly financial and marked close to fair value, book value is a more meaningful anchor than for manufacturing firms. Analysts adjust it for any under-provisioned bad loans, because those overstate the true book value.

BVPS ले प्रत्येक शेयरको लेखाङ्कन मूल्य देखाउँछ। नेपालमा यसलाई प्रतिशेयर नेटवर्थ पनि भनिन्छ। शेयरधनी कोषमा चुक्ता पुँजी, शेयर प्रिमियम, सञ्चित नाफा, साधारण जगेडा र अन्य जगेडा पर्छन्।

नाफा सञ्चित गर्दा BVPS बढ्छ; ठूलो लाभांश वा नोक्सानीले घटाउँछ। बोनस शेयरले कुल स्वपुँजी नबदले पनि शेयर सङ्ख्या बढाउने भएकाले BVPS घटाउँछ। बजार मूल्यलाई BVPS ले भाग गर्दा मूल्य-किताबी मूल्य अनुपात आउँछ। अपर्याप्त कर्जा नोक्सानी व्यवस्था भएमा किताबी मूल्य बढी देखिन सक्छ।