Subject: Re: Value, when to buy
"FWIW, I'm still holding with an IV estimate of about 1.54x BV, based on a couple of models, but I would not argue with any estimate within 8 or 9 percent of that number."
Here are some other estimates:
person, model, IV estimate, date, IV/BV
Tilson, two-column, May '25, $743K, 1.61x BV
Greg Warren, Morningstar, Apr '25, sum of the parts, $730.5K, 1.58x BV
Bloomstrand, sum of the parts, Dec '24, $783K, 1.73x BV
Highest repurchase price, 1.57x BV
rrr12345, weighing machine, Mar '25, $710K, 1.54x BV
Would other folks here please add more estimates, whether their own or ones they're seen? It would make an insightful histogram. I used to keep track of posted and published IV estimates. Sometimes I'd find as many as 25 estimates, representing over a half dozen different models, including two-column, look through earnings, DCF, sum-of-the-parts, etc. Typically the estimates had a more or less normal distribution with a standard deviation equal to about 9% of the mean. Thanks.