Blackrock Municipal Bond Trust (Blackrock Municipal Bond Trust) Tangible Book per Share : $16.43 (As of Aug. 2020)

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What is Blackrock Municipal Bond Trust Tangible Book per Share?

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. Blackrock Municipal Bond Trust's tangible book value per share for the quarter that ended in Aug. 2020 was $16.43.

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.

Blackrock Municipal Bond Trust Tangible Book per Share Historical Data

The historical data trend for Blackrock Municipal Bond Trust'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.

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Blackrock Municipal Bond Trust Tangible Book per Share Chart

Blackrock Municipal Bond Trust Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Tangible Book per Share

16.32

15.78

16.82

16.43

Blackrock Municipal Bond Trust Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20
Tangible Book per Share	Get a 7-Day Free Trial			15.78	15.58	16.82	17.23	16.43

Competitive Comparison of Blackrock Municipal Bond Trust's Tangible Book per Share

For the Asset Management subindustry, Blackrock Municipal Bond Trust'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.

Blackrock Municipal Bond Trust's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackrock Municipal Bond Trust's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Blackrock Municipal Bond Trust's Price-to-Tangible-Book falls into.

Blackrock Municipal Bond Trust Tangible Book per Share Calculation

Blackrock Municipal Bond Trust's Tangible Book Value Per Share for the fiscal year that ended in Aug. 2020 is calculated as

Tangible Book Value per Share	=	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)	/	Shares Outstanding (EOP)
	=	(172.838	-	0	-	0)	/	10.523
	=	16.42

Blackrock Municipal Bond Trust's Tangible Book Value Per Share for the quarter that ended in Aug. 2020 is calculated as

Tangible Book Value per Share	=	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)	/	Shares Outstanding (EOP)
	=	(172.838	-	0	-	0)	/	10.523
	=	16.42

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.

Blackrock Municipal Bond Trust (NYSE:BBK) 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.

Blackrock Municipal Bond Trust Tangible Book per Share Related Terms

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Blackrock Municipal Bond Trust (Blackrock Municipal Bond Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackrock Municipal Bond Trust (NYSE:BBK) » Definitions » Tangible Book per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Bellevue Parkway, Wilmington, DE, USA, 19809

Website

https://www.blackrock.com

Blackrock Municipal Bond Trust is a diversified, closed-end management investment company. The Trust's investment objective is to provide current income exempt from regular federal income tax. The trust invests in sectors such as health, transportation, education, utilities, housing and other.

Executives

J.p. Morgan Taxable Putters/taxable Drivers, Series T0014 Trust	10 percent owner	C/O U.S. BANK TRUST NATIONAL ASSOCIATION 100 WALL STREET-SUITE 1600 NEW YORK NY 10005
Jpmorgan Chase Bank, N.a.	10 percent owner	1111 POLARIS PARKWAY, COLUMBUS OH 43240
Henry Gabbay	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Kevin Maloney	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Robert W Fairbairn	director	55 EAST 52ND STREET, NEW YORK NY 10055
Christian Romaglino	other: Portfolio Manager	55 EAST 52ND STREET, NEW YORK NY 10055
Jaeckel Theodore R Jr	other: Portfolio Manager	800SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Cynthia Egan	director	7117 BELLONA AVENUE, BALTIMORE MD 21212
Catherine A. Lynch	director	55 EAST 52ND STREET, NEW YORK NY 10055
Jonathan Diorio	officer: Vice President	55 EAST 52ND STREET, NEW YORK NY 10055
Barbara Novick	director	21 PINE COURT, NEW PROVIDENCE NJ 07974
Charles Park	officer: Chief Compliance Officer	55 EAST 52ND STREET, NEW YORK NY 10055
Peter Hayes	other: Officer of the Advisor	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Robert Crothers	officer: Vice President	55 EAST 52ND STREET, NEW YORK NY 10055
Janey Ahn	officer: Secretary	55 EAST 52ND STREET, NEW YORK NY 10055