That would have been the market value per share.

Whenever you hear things like book value, and I've done a couple of videos on book value versus market value, but the book value is essentially what you have on your accounting books.

This is the book value for a share.

Let's say that the market value we talked before that the book value per share of this company is 5.

He entered up the sum in his account book.

So that's fine.

it's a requirement, I don't have a choice in the matter

This is the book value.

That's essentially the market's sense of what this number really is.

Now either one of these is legititmate ways of accounting but its good to know the difference

And I won't go into detail on that now, but that's actually a fairly unusual circumstance, unless people are very suspicious about the accounting or the actual book value of the company.

So if we believe these numbers, if we believe the books, the book value of the shares is about 3.02 per share.

So each of those shares is one 500 millionth of this equity.

So this is interesting.

My wife keeps the household accounts.

So the shareholders' equity, or you could almost say the book value of the equity of the company, is 5 million. 5 million equity.

So let's see, the book value per share is what?

So let's say if this was on our books.

And it's something interesting here.

But the market value or assets is essentially, what is the market saying the assets are worth?

He embezzled the money from his office.

And now there's 2.5 billion shares to split this equity.

When the accountant was arrested, rumour had it that it was for his creative bookkeeping.

If this is the market value so let's say this is the stock price, or the market stock price I'd be skeptical of paying two times the book value.

And when I say book value, that's just a fancy way of saying this is what our accountants say that we paid for the stuff.

And this is very relevant to what's going on in the world today.

On gone to the church he comes check the paydesk.

And that tells you that the book value per share is 4.

A list of new team members will be on your desks after you leave this meeting.

That's something like eight percent of the total agricultural output globally.

And then instead of having an equipment expense, instead of having that expense, they'll have an equipment depreciation expense.

They're able to do more with whatever assets we give them.

And let's say that there are 100 million shares.

The book value of the assets, or what the accountants within the company are saying the assets are worth.

Anyway, factory tooling.

The bill please.

Check.

So, let's see, you're doing 8.4 million divided by 2.78 million shares.

And that's interesting.

And you take out the liabilities, this is what the assets are worth according to the accountants.

The bill, please.

Let's get a check.

We have 3 billion in loans.

So I asked the Minister over dinner,

And that's why they call it book equity.