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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. Axos Financial's tangible book value per share for the quarter that ended in Mar. 2024 was $35.46.
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 Axos Financial'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.
Axos Financial Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Tangible Book per Share | Get a 7-Day Free Trial | 15.10 | 18.28 | 21.36 | 24.45 | 29.51 |
Axos Financial Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Tangible Book per Share | Get a 7-Day Free Trial | 28.03 | 29.51 | 30.72 | 33.45 | 35.46 |
For the Banks - Regional subindustry, Axos Financial'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 Banks industry and Financial Services sector, Axos Financial's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Axos Financial's Price-to-Tangible-Book falls into.
Axos Financial's Tangible Book Value Per Share for the fiscal year that ended in Jun. 2023 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (1917.159 | - | 0 | - | 177.592) | / | 58.943 | |
= | 29.51 |
Axos Financial's Tangible Book Value Per Share for the quarter that ended in Mar. 2024 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (2196.293 | - | 0 | - | 172.454) | / | 57.0794 | |
= | 35.46 |
* 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.
Axos Financial (NYSE:AX) 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 Axos Financial's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Andrew J Micheletti | officer: VP & Chief Financial Officer | C/O AXOS FINANCIAL, 4350 LA JOLLA VILLAGE DRIVE STE 140, SAN DIEGO CA 92122 |
Edward James Ratinoff | director | 12777 HIGH BLUFF DRIVE, SUITE 100, SAN DIEGO CA 92130 |
Gregory Garrabrants | director, officer: President & CEO | 9205 WEST RUSSELL ROAD, SUITE #400, LAS VEGAS NV 89148 |
David M Crow | other: EVP, Head of Axos Clearing | 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122 |
Mosich Nick | director | 12777 HIGH BLUFF DRIVE, SUITE #100, SAN DIEGO CA 92130 |
Paul Grinberg | director | C/O ENCORE CAPITAL GROUP INC, 8875 AERO DRIVE, SUITE 200, SAN DIEGO CA 92123 |
Ron Pitters | other: SVP, Head of Axos Securities | 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122 |
James John Court | director | 12777 HIGH BLUFF DRIVE, SUITE 100, SAN DIEGO CA 92130 |
Stefani D Carter | director | 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254 |
Uzair Dada | director | 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122 |
Tamara N Bohlig | director | 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122 |
Thomas M Constantine | other: EVP and Chief Credit Officer | 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122 |
Roque A Santi | director | C/O ECC CAPITAL CORPORATION, 1833 ALTON PARKWAY, IRVINE CA 92606 |
Brian D Swanson | other: EVP, Chief Lending Officer | 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122 |
Eshel Bar-adon | officer: EVP, Chief Legal Officer | 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122 |
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