Question: what is Yahoo!'s stake in Y! Japan worth? I think they own 37% of Y! Japan - what is that worth as a percent of Y!'s US / NASDAQ traded market cap?  and when looking at their p/e shouldn't you back out a position like that from the equation?

Answer: From Mary Meeker's April 19, 2006 report....\n\n"...the $6.52 per share value stake in Yahoo! Japan (which we calculate to be worth $10B - 34% ownership of a $35B market cap as of 4/18/06, adjusted by a 15% discount to take into account the relative illiquidity of the asset."\n\nThere is a slight mismatch in the timing, but if you take $6.52 / $32.19 (YHOO closing price on 5/4), then we can conlude that 20% of Yahoo's value is derived from their share of Yahoo! Japan.
This question from the Yahoo Q&A forum is categorized in the topic: Sports