0(0%) Volume: 3,386,482 3:15AM EDT| Market Cap : 21.98 B | Enterprise Value : 21.66 B | P/E (TTM) : 22.74 | P/B : 3.80 |
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Tangible book value per share is calculated as the total tangible equity divided by . Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. Hormel Foods's tangible book value per share for the quarter that ended in Jul. 2019 was $4.34.
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.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
| Hormel Foods Quarterly Data | ||||||||||||||||||||
| Oct14 | Jan15 | Apr15 | Jul15 | Oct15 | Jan16 | Apr16 | Jul16 | Oct16 | Jan17 | Apr17 | Jul17 | Oct17 | Jan18 | Apr18 | Jul18 | Oct18 | Jan19 | Apr19 | Jul19 | |
| Tangible Book per Share |
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2.68 | 3.17 | 3.34 | 4.43 | 4.34 |
* The bar in red indicates where Hormel Foods's Tangible Book per Share falls into.
Hormel Foods's Tangible Book Value Per Share for the fiscal year that ended in Oct. 2018 is calculated as
| Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
| = | (5600.811 | - | 0 | - | 3921.335) | / | 530.51 | |
| = | 3.17 |
Hormel Foods's Tangible Book Value Per Share for the quarter that ended in Jul. 2019 is calculated as
| Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
| = | (5887.071 | - | 0 | - | 3525.416) | / | 543.678 | |
| = | 4.34 |
* 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.
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.
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- Seekingalpha 2019-10-12 13:10:09
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