Tangible Book Value

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Tangible Book Value is a measure that’s commonly used in value investing and represents the net value of a company’s hard assets. The tangible book value is calculated by subtracting the intangible assets and goodwill from the net asset value obtained from the company’s balance sheet statement and dividing this result by the number of shares outstanding. Note: Tangible Book Value excludes the intangible assets whereas Book Value includes the intangible assets.

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