GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Paragon Financial Solutions Inc (OTCPK:PGNN) » Definitions » Tangible Book per Share

Paragon Financial Solutions (Paragon Financial Solutions) Tangible Book per Share : $9.37 (As of Mar. 2008)


View and export this data going back to 2005. Start your Free Trial

What is Paragon Financial Solutions Tangible Book per Share?

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. Paragon Financial Solutions's tangible book value per share for the quarter that ended in Mar. 2008 was $9.37.

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.


Paragon Financial Solutions Tangible Book per Share Historical Data

The historical data trend for Paragon Financial Solutions'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.

* Premium members only.

Paragon Financial Solutions Tangible Book per Share Chart

Paragon Financial Solutions Annual Data
Trend Dec05 Dec06 Dec07
Tangible Book per Share
8.22 8.85 8.94

Paragon Financial Solutions Quarterly Data
Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08
Tangible Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.87 8.53 8.67 8.94 9.37

Competitive Comparison of Paragon Financial Solutions's Tangible Book per Share

For the Banks - Regional subindustry, Paragon Financial Solutions'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.


Paragon Financial Solutions's Price-to-Tangible-Book Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Paragon Financial Solutions's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Paragon Financial Solutions's Price-to-Tangible-Book falls into.



Paragon Financial Solutions Tangible Book per Share Calculation

Paragon Financial Solutions's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2007 is calculated as

Tangible Book Value per Share=(Total Stockholders Equity-Preferred Stock-Intangible Assets)/Shares Outstanding (EOP)
=(29.785-0-0)/3.33301
=8.94

Paragon Financial Solutions's Tangible Book Value Per Share for the quarter that ended in Mar. 2008 is calculated as

Tangible Book Value per Share=(Total Stockholders Equity-Preferred Stock-Intangible Assets)/Shares Outstanding (EOP)
=(31.228-0-0)/3.33301
=9.37

* 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.


Paragon Financial Solutions  (OTCPK:PGNN) 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.


Paragon Financial Solutions Tangible Book per Share Related Terms

Thank you for viewing the detailed overview of Paragon Financial Solutions's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Paragon Financial Solutions (Paragon Financial Solutions) Business Description

Traded in Other Exchanges
N/A
Address
5400 Poplar Avenue, Suite 350, Memphis, TN, USA, 38119
Paragon Financial Solutions Inc provides small and mid-sized businesses, along with their owners and executives, with a complete package of banking solutions delivered both in-person and online. The company provides Cash Management Solutions; Commerical Lending; Personal Checking Accounts; Mortgages; Private Banking and others.

Paragon Financial Solutions (Paragon Financial Solutions) Headlines

No Headlines