Annex III - Average of MtoB Ratios of Portuguese companies in Lisbon Stock Exchange from 1991 to 1999

 

 

The market value of an organisation (calculated for the stock capitalization[1]), results from its book evaluation. For the quoted Portuguese companies the difference between the market value and the book value is shown in the following picture. This relation has tripled between 1991 and 1999:

 

 

 



[1] Market Value = Stock Capitalization = (Number shares) x (market value of each share)