At $2.76, Groupon has a market value of $1.8 billion (653.224M shares outstanding*$2.76). And as of September 30, Groupon had $1.2 billion in cash, no debt, and a book value of $799 million. Ycharts.com has Groupon's book value at $804 million using their own calculations. In the chart below via Ycharts, you can see that Groupon's market value is trending towards its cash and book value as of 9/30/2012. On a per share basis, Groupon had $1.84 in cash (1.2B/653.224M, also on Yahoo Finance/Capital IQ) and a book value of $1.235 (via Ycharts) at the end of Q3. Its price/book ratio is at 2.235 via ycharts. Like I mentioned before with Zynga, even though $GRPN is a beat up stock, bulls are still battling technicals and fundamentals that are trending down. But if $GRPN falls all the way to cash and book value without revenue and earnings crashing, it could be a potential turnaround play or buyout candidate in the internet/mobile space. Google wanted it for $6 billion(1,2)! Something to watch.
Quarterly revenue and gross billings trends via Groupon's Q3 2012 slides:
Find more statistics at Statista