How to calculate the Book Value with Compustat - Fundamentals Quarterly?

[Florent Rouxelin]

Hi,

I am experiencing difficulties finding the right items to calculate the book value of a firm from the Compustat - Fundamentals Quarterly. The end goal is to create a Book-to-Market factor.

Here are the items that I'm using so far:

BOOK = seqq + txdbq + itccy + prcay

Using this items, the book value has the wrong order of magnitude (too small). Anyone can help? thanks!

F.

[joost impink]

hi,

Do you mean 'regular' book value of equity? 

mtb = prccq * cshoq / ceqq;

CEQQ: Common/Ordinary Equity - Total

PRCCQ: Price Close - Quarter

CSHOQ: Common Shares Outstanding

https://wrds-web.wharton.upenn.edu/wrds/tools/variable.cfm?library_id=7&file_id=65612

Best,

Joost

[vincent boysen]

Hi Florent, did you figure it out? I'm in the same position as you and I am quite frankly a bit lost...