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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. Red Violet's tangible book value per share for the quarter that ended in Dec. 2023 was $3.33.
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 Red Violet'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.
Red Violet Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Tangible Book per Share | Get a 7-Day Free Trial | 1.11 | 0.90 | 2.67 | 2.45 | 3.33 |
Red Violet Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Tangible Book per Share | Get a 7-Day Free Trial | 2.45 | 2.56 | 2.69 | 3.63 | 3.33 |
For the Software - Application subindustry, Red Violet'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 Software industry and Technology sector, Red Violet's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Red Violet's Price-to-Tangible-Book falls into.
Red Violet's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (86.112 | - | 0 | - | 39.63) | / | 13.9708 | |
= | 3.33 |
Red Violet's Tangible Book Value Per Share for the quarter that ended in Dec. 2023 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (86.112 | - | 0 | - | 39.63) | / | 13.9708 | |
= | 3.33 |
* 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.
Red Violet (NAS:RDVT) 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 Red Violet's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Brauser | 10 percent owner | 4400 BISCAYNE BLVD., SUITE 850, MIAMI FL 33137 |
Greater Miami Jewish Federation, Inc. | 10 percent owner | 4200 BISCAYNE BLVD., MIAMI FL 33137 |
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Frost Gamma Investments Trust | 10 percent owner | 4400 BISCAYNE BLVD, MIAMI FL 33137 |
Derek Dubner | director, officer: Chief Executive Officer | 2650 N. MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431 |
James Patrick Reilly | officer: President | 2650 N. MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431 |
Daniel Maclachlan | officer: Chief Financial Officer | 2650 NORTH MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431 |
Robert Swayman | director | 5022 NW 102 DRIVE, CORAL SPRINGS FL 33076 |
Ryan Schulke | 10 percent owner | C/O IDI, INC., 2650 NORTH MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431 |
Steven D Rubin | director | OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 33137 |
Jinbo Wang | officer: Chief Accounting Officer, other: Principal Accounting Officer | C/O TIGER MEDIA, INC. ROOM 1705, 511 WEIHAI ROAD, JING AN DISTRICT, SHANGHAI F4 200041 |
Jeffrey Alan Dell | officer: Chief Information Officer | C/O IDI, INC., 2650 NORTH MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431 |
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