Switch to:
Kayne Anderson Energy Development Co  (NYSE:KED) Tangible Book per Share: $18.46 (As of May. 2017)

Tangible book value per share is calculated as the total tangible equity divided by . Total tangible equity is calculated as the Total Equity minus Preferred Stock minus Intangible Assets. Kayne Anderson Energy Development Co's tangible book value per share for the quarter that ended in May. 2017 was $18.46.

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.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Kayne Anderson Energy Development Co Annual Data

Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16
Tangible Book per Share Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.73 29.96 33.13 18.90 19.14

Kayne Anderson Energy Development Co Semi-Annual Data

May07 Nov07 May08 Nov08 May09 Nov09 May10 Nov10 May11 Nov11 May12 Nov12 Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17
Tangible Book per Share Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.62 18.90 18.54 19.14 18.46

Competitive Comparison
* 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.


Calculation

Kayne Anderson Energy Development Co's Tangible Book Value Per Share for the fiscal year that ended in Nov. 2016 is calculated as

Tangible Book Value per Share=(Total Equity-Preferred Stock-Intangible Assets)/Shares Outstanding (EOP)
=(204.835-0-0)/10.70
=19.14

Kayne Anderson Energy Development Co's Tangible Book Value Per Share for the quarter that ended in May. 2017 is calculated as

Tangible Book Value per Share=(Total Equity-Preferred Stock-Intangible Assets)/Shares Outstanding (EOP)
=(198.279-0-0)/10.74
=18.46

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


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.


Related Terms


Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK