Book Value Of Tangible Equity

Since intangibles such as goodwill cannot be sold when the company liquidates.

Book value of tangible equity. Example of tangible common equity bank of america bac for the fiscal year 2019 had a book value of 267 9 billion. Tangible book value also known as net tangible equity measures a firm s net asset value excluding the intangible assets and goodwill. The term book value of equity refers to a firm s or company s common equity which is the amount available that can be distributed among the shareholders and it is equal to the amount of assets shareholders own outright after all the liabilities have been paid off.

Tangible book value per share tbvps is the value of a company s tangible assets divided by its current outstanding shares. 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 big lots s tangible book value per share for the quarter that ended in oct. The tangible book value per.

Its goodwill was 68 95 billion intangible assets 1 billion and preferred. At the end of 2016 tangible book value of general motors was 37 81 billion total assets of 221 69 billion less 6 26 billion of goodwill and intangible assets less 177 62 billion in. What does tangible book value mean.