Over the 27 years , until fiscal year September 30 , 2015 , Fairfax Financial Holdings Limited book value per share has compounded by more than 30 % per year .
Over the last 27 years ( that is , since present management took over—until fiscal year Dec. 31 , 2012 ) , the company book value per share has compounded by 23 % per year , ( Fairfax Financial Holdings Limited 2012 Annual Report - PDF page 4 )   % 20Report % 202012 % 20Final_v001_j973aj.pdf `` while the common stock price has followed the growth at 19 % per year .
Fairfax Financial