Subject: Re: Current Price To Peak Book...
Book value calculated from the 3rd Quarter report is $485,429 per A-share, which is a new peak. Recent A-share price is $748,320, for a price to peak book of 1.5. This is a bit higher than average, but is back down into the range where the average one year forward return is not embarrassingly bad: ~5% per mungo's model posted up-thread.