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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. Meta Materials's tangible book value per share for the quarter that ended in Mar. 2024 was $0.21.
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 Meta Materials'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.
Meta Materials Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Tangible Book per Share | - | -4.71 | 22.97 | 11.18 | 0.69 |
Meta Materials Quarterly Data | |||||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Tangible Book per Share | Get a 7-Day Free Trial | 9.42 | 9.82 | 8.67 | 0.69 | 0.21 |
For the Electronic Components subindustry, Meta Materials'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 Hardware industry and Technology sector, Meta Materials's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Meta Materials's Price-to-Tangible-Book falls into.
Meta Materials'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) |
= | (21.937 | - | 0 | - | 18.03) | / | 5.65944 | |
= | 0.69 |
Meta Materials's Tangible Book Value Per Share for the quarter that ended in Mar. 2024 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (18.335 | - | 0 | - | 16.936) | / | 6.69464 | |
= | 0.21 |
* 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.
Meta Materials (OTCPK:MMATQ) 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 Meta Materials's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Jennifer K. Cheraso | officer: Chief Human Resources Officer | C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109 |
James Macmillan Fusaro | director, officer: Chief Executive Officer | 1900 S. PRICE ROAD, CHANDLER AZ 85248 |
Philippe Morali | director | 400 N. MCCARTHY BLVD., MILPITAS CA 94089 |
Georgios Palikaras | director, 10 percent owner, officer: See Remarks | C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 BY2 4M9 |
David Daniel Eaton | officer: Chief Legal Officer | 1706 PASEO DE PERALTA, SANTA FE NM 87501 |
Uzi Sasson | officer: See Remarks | 2041 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043 |
Vyomesh Joshi | director | 17343 VIA DEL CAMPO, SAN DIEGO CA 92127 |
Eugenia Corrales | director | C/O SHORETEL, INC., 960 STEWART DRIVE, SUNNYVALE CA 94085 |
Jonathan Waldern | officer: Chief Technical Officer | C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 B2Y 4M9 |
Rice Kenneth L Jr | officer: See Remarks | C/O 85 MAIN STREET, HOPKINTON MA 01748 |
Thomas Gordon Welch | 10 percent owner | 47 PLEASANT STREET, PO BOX 40, CHESTER A5 B0J 1J0 |
John R Harding | director | C/O MARIMBA INC, 440 CLYDE AVENUE, MOUNTAINVIEW CA 94043 |
Steen Karsbo | director | C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 B2Y 4M9 |
Michael James Graves | director | 5700 PLANO PARKWAY, SUITE 3600, PLANO TX 75093 |
Anne Barber Lambert | 10 percent owner | 47 PLEASANT STREET, PO BOX 40, CHESTER A5 B0J 1J0 |
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