Tangible Book Value Per Share (TBVPS)
What is Tangible Book Value Per Share (TBVPS)?
How Does Tangible Book Value Per Share (TBVPS) Work?
Why Does Tangible Book Value Per Share (TBVPS) Matter?
TBVPS indicates how much shareholders might get if the company were to liquidate today and the assets were sold for the values reflected on the (which really doesn't happen that often). The formula intentionally ignores intangible assets such as patents, trademarks, and intellectual property because they are sometimes considered less "sellable" than hard assets. However, many companies derive most of their value from their intangible assets, so this measure is not necessarily applicable in all industries (technology is a major one).
Accordingly, when TBVPS is higher than the undervalued (because theoretically the of any company should at least be worth the value of its hard assets).price, the company is generally considered
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.