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# Tangible Book per Share

: \$0.00 (As of . 20)
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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. 's tangible book value per share for the quarter that ended in . 20 was \$0.00.

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.

## Tangible Book per Share Historical Data

* 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.

 Annual Data Tangible Book per Share

 Semi-Annual Data Tangible Book per Share

## Tangible Book per Share Calculation

's Tangible Book Value Per Share for the fiscal year that ended in . 20 is calculated as

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

's Tangible Book Value Per Share for the quarter that ended in . 20 is calculated as

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

* 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.

(:) 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.