I am trying to calculate Book Value Per Share for Coca Cola (KO). The formula I am using according to values from KO 10Q:
BVPS = The Coca Cola Company Shareowners Equity / Average Shares Outstanding - Basic
If you look on https://www.sec.gov/Archives/edgar/data/21344/000002134418000042/a2018092810-q.htm you can shareowners equity on page 4 and the outstanding shares on page 2.
So, lets plug in the numbers from the 10Q:
BVPS = 1,760,000,000 / 4,255,000,000 = $.413
Obviously my BVPS is wrong because I went to Schwabs website where they calculate the BVPS. Their number is $3.98.
I want to find out why my calculation is wrong so that I can calculate BVPS correctly going forward.