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Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. Air Industries Group's tangible book value per share for the quarter that ended in Dec. 2023 was $4.60.
Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
The historical data trend for Air Industries Group's Tangible Book per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Air Industries Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Tangible Book per Share | Get a 7-Day Free Trial | 3.41 | 4.68 | 5.36 | 5.19 | 4.60 |
Air Industries Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Tangible Book per Share | Get a 7-Day Free Trial | 5.19 | 5.01 | 4.94 | 4.54 | 4.60 |
For the Aerospace & Defense subindustry, Air Industries Group's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Aerospace & Defense industry and Industrials sector, Air Industries Group's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Air Industries Group's Price-to-Tangible-Book falls into.
Air Industries Group's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (15.19 | - | 0 | - | 0) | / | 3.30304 | |
= | 4.60 |
Air Industries Group's Tangible Book Value Per Share for the quarter that ended in Dec. 2023 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (15.19 | - | 0 | - | 0) | / | 3.30304 | |
= | 4.60 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
Air Industries Group (AMEX:AIRI) Tangible Book per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Thank you for viewing the detailed overview of Air Industries Group's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Scott Glassman | officer: CHIEF FINANCIAL OFFICER | 1479 NORTH CLINTON AVENUE, BAY SHORE NY 11706 |
Luciano M Melluzzo | officer: President | 93 FOXON PLACE, NEW BRITAIN CT 06053 |
Michael N Taglich | director | TAGLICH BROTHERS INC, 1370 AVENUE OF THE AMERICAS --31ST FLOOR, NEW YORK NY 6317254791 |
Michael Porcelain | director | 68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747 |
Peter Rettaliata | director | C/O AIR INDUSTRIES, 1479 CLINTON AVENUE, BAY SHORE NY 11706 |
Robert Taglich | director, 10 percent owner | 700 NEW YORK AVENUE, HUNTINGTON NY 11743 |
Michael Brand | director | 4196 MAJESTIC CIRCLE, MEDINA OH 44256 |
David S. Richmond | 10 percent owner, other: See Footnote 1 | 3568 WILDWOOD AVENUE, JACKSON MI 49202 |
Rbi Private Investment Iii, Llc | other: See Footnote 1 | 3568 WILDWOOD AVENUE, JACKSON MI 49202 |
Matthew J. Curfman | 10 percent owner, other: See Footnote 1 | 3568 WILDWOOD AVENUE, JACKSON MI 49202 |
Rbi Pi Manager, Llc | other: See Footnote 1 | 3568 WILDWOOD AVENUE, JACKSON MI 49202 |
Richmond Brothers 401(k) Profit Sharing Plan | other: See Footnote 1 | 3568 WILDWOOD AVENUE, JACKSON MI 49202 |
Rbi Private Investment Ii, Llc | other: See Footnote 1 | 3568 WILDWOOD AVENUE, JACKSON MI 49202 |
Richmond Brothers, Inc. | 10 percent owner, other: See Footnotes 1 and 2 | 7415 FOXWORTH COURT, JACKSON MI 49201 |
Michael E Recca | officer: Chief Financial Officer |
From GuruFocus
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