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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. Ocean Bio-Chem's tangible book value per share for the quarter that ended in Jun. 2022 was $4.89.
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 Ocean Bio-Chem'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.
Ocean Bio-Chem Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Tangible Book per Share | Get a 7-Day Free Trial | 2.59 | 2.72 | 3.05 | 4.03 | 4.85 |
Ocean Bio-Chem Quarterly Data | ||||||||||||||||||||
Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | |
Tangible Book per Share | Get a 7-Day Free Trial | 4.47 | 4.79 | 4.85 | 4.95 | 4.89 |
For the Conglomerates subindustry, Ocean Bio-Chem'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 Conglomerates industry and Industrials sector, Ocean Bio-Chem's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Ocean Bio-Chem's Price-to-Tangible-Book falls into.
Ocean Bio-Chem's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2021 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (47.436 | - | 0 | - | 1.381) | / | 9.504 | |
= | 4.85 |
Ocean Bio-Chem's Tangible Book Value Per Share for the quarter that ended in Jun. 2022 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (47.717 | - | 0 | - | 1.239) | / | 9.5098 | |
= | 4.89 |
* 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.
Ocean Bio-Chem (NAS:OBCI) 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 Ocean Bio-Chem's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Peter G Dorau | director, officer: President-CEO | 1601 SE 10 STREET FORT LAUDERDALE FL 3316 |
Gregor M Dornau | officer: Vice President | 1305 MANDARIN ISLE FORT LAUDERDALE FL 33315 |
William Dudman | officer: Vice President - Operations | 6040 SW 15 STREET PLANTATION FL 33317 |
John B Turner | director | 16101 SW 156 AVENUE MIAMI FL 33186 |
Jeffrey Barocas | director, officer: Chief FInancial Officer | 4041 SW 47TH AVE, FT LAUDERDALE FL 33314 |
Diana Conard | director | 4041 SW 47TH AVE FORT LAUDERDALE FL 33314 |
Kim Krause | director | 4041 SW 47TH AVENUE FORT LAUDERDALE FL 33314 |
James M Kolisch | director | |
Peter Dornau Family, Llc | other: Trust | 4041 SW 47TH AVE FT. LAUDERDALE FL 33314 |
Edward Anchel | director, officer: Vice President-CFO | 7566 VIA GRANDE BOYNTON BEACH FL 33437 |
Anca Vague | other: Controller - Financial Reptg. | 1505 N RIVERSIDE DRIVE APT.302 POMPANO BEACH FL 33062 |
Lindsey George W Jr | officer: Vice President | 1833 WASHINGTON STREET HOLLYWOOD FL 33319 |
Sonia B Beard | director | 1708 SHORE DR MERRITT ISLAND FL 32952 |
Laz L Schneider | director | 2525 NE 26 TERRACE FORT LAUDERDALE FL 33305 |
Jeffrey Tieger | director, officer: Vice President | 10180 SW 4 STREET PLANTATION FL 33314 |
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