3 Good-Yielding Stocks Trading Below Tangible Book Value

The price-to-tangible-book-value ratio excludes intangible assets and goodwill. When stock is trading below its tangible book value per share, it might be considered undervalued. I have searched for profitable companies that pay rich dividends with a low payout ratio and that are currently trading below their tangible book value. Those stocks would have to also show a low debt. I used the Portfolio123's powerful screener to perform the search. Nonetheless, the screening method should only serve as a basis for further research. All the data for this article were taken from Portfolio123, Yahoo Finance and finviz.com, on September 20, 2013, before the market open. The screen's formula requires all stocks comply with all following demands: The stock does not trade over-the-counter (OTC). Price is greater than 1.00. Market cap is greater than $100 million. Dividend yield is greater than 3.0%. The payout ratio is less than 100%. Total debt... Read more