© Copyright 1978-2007 BAL
Consulting P/L™. All rights
reserved.
18
MV, Strassmann
& Tobin
•
Intellectual Capital = Market Value
(Price/Share x # of shares) - Book Value
(Equity - Debt)
•
Strassmann’s Knowledge Capital = (Profits -
Financial Capital "Rental")/(interest rate cost
of long term debt)
•
Tobin’s Q = Market Value/Replacement Cost