Aspen Group (XTAE:ASGR) Tangible Book per Share : ₪11.52 (As of Dec. 2023)

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What is Aspen Group 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. Aspen Group's tangible book value per share for the quarter that ended in Dec. 2023 was ₪11.52.

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.

Aspen Group Tangible Book per Share Historical Data

The historical data trend for Aspen Group'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.

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Aspen Group Tangible Book per Share Chart

Aspen Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tangible Book per Share

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10.25

10.96

11.20

12.10

11.52

Aspen Group 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															12.10	12.44	12.05	11.98	11.52

Competitive Comparison of Aspen Group's Tangible Book per Share

For the Real Estate Services subindustry, Aspen Group'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.

Aspen Group's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Aspen Group's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Aspen Group's Price-to-Tangible-Book falls into.

Aspen Group Tangible Book per Share Calculation

Aspen Group'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)
	=	(721.31	-	0	-	0)	/	62.6218
	=	11.52

Aspen Group'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)
	=	(721.31	-	0	-	0)	/	62.6218
	=	11.52

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.

Aspen Group (XTAE:ASGR) 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.

Aspen Group Tangible Book per Share Related Terms

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Aspen Group (XTAE:ASGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Aspen Group Ltd (XTAE:ASGR) » Definitions » Tangible Book per Share

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Address

2 Ha’Shlosha Street, Edgar Building 360, 28th Floor, Tel Aviv, ISR, 6706054

Website

http://www.aspen.co.il

Aspen Group Ltd is a real estate company.It is engaged in high yield/income producing real estate development. It also develops leisure and residential projects in Israel and abroad. Its projects include Kefar Saba, Kefar Hayam, Supermarkets, Office Buildings, and Horitt Hotel.

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