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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. BGC Group's tangible book value per share for the quarter that ended in Dec. 2023 was $0.34.
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 BGC 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.
BGC Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Tangible Book per Share | Get a 7-Day Free Trial | -0.52 | -0.24 | -0.21 | -0.03 | 0.34 |
BGC 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 | -0.03 | 0.06 | 0.07 | 0.29 | 0.34 |
For the Capital Markets subindustry, BGC 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 Capital Markets industry and Financial Services sector, BGC Group's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where BGC Group's Price-to-Tangible-Book falls into.
BGC 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) |
= | (885.083 | - | 0 | - | 717.629) | / | 499.548 | |
= | 0.34 |
BGC 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) |
= | (885.083 | - | 0 | - | 717.629) | / | 499.548 | |
= | 0.34 |
* 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.
BGC Group (NAS:BGC) 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 BGC Group's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
William Dean Addas | director | C/O DEUTSCHE BANK, 300 S. GRAND AVENUE, LOS ANGELES CA 90071-3109 |
Jason W. Hauf | officer: Chief Financial Officer | BGC PARTNERS, 499 PARK AVENUE, NEW YORK NY 10022 |
Arthur U Mbanefo | director | 280 PARK AVENUE 40 WEST, CO ORIX, NEW YORK NY 10017 |
Sean A Windeatt | officer: Chief Operating Officer | C/O BGC PARTNERS, INC., 499 PARK AVENNUE NY 10022 |
Stephen M Merkel | officer: EVP and General Counsel | C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022 |
Linda A Bell | director | C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022 |
David Richards | director | C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022 |
Martin Laguerre | director | C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022 |
Steven Bisgay | officer: Chief Financial Officer | 545 WASHINGTON BLVD, JERSEY CITY NJ 07310 |
Cf Group Management Inc | director, 10 percent owner | 135 EAST 57TH ST, NEW YORK NY 10022 |
Cantor Fitzgerald, L. P. | director, 10 percent owner | 110 EAST 59TH STREET, NEW YORK NY 10022 |
Sean Galvin | officer: Chief Accounting Officer | 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310 |
William J Moran | director | 135 EAST 57TH ST, NEW YORK NY 10022 |
Howard W Lutnick | director, 10 percent owner, officer: Chief Executive Officer | |
Steven R Mcmurray | officer: Chief Financial Officer | C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022 |
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