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(:) Tangible Book per Share: \$0.00 (As of . 20)

Tangible book value per share is calculated as the total tangible equity divided by . Total tangible equity is calculated as the Total 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.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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Annual Data

 Tangible Book per Share

Semi-Annual Data

 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 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 Equity - Preferred Stock - Intangible Assets) / Shares Outstanding (EOP) = ( - - ) / 0 =

* 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.

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.

Related Terms