Tangible Book Value Calculator

How it is calculated

The tool calculates TBV = Equity − Intangibles and TBV per share = TBV / Shares. Equity is total shareholders' equity from the balance sheet, Intangibles is the combined value of goodwill and other intangible assets such as acquired brands or software (one field covers both, and it is treated as zero if left empty), and Shares is the number of shares outstanding. All money amounts must be in the same currency and scale. Intangibles cannot be negative and shares must be above zero. If intangibles exceed equity, the tangible book value comes out negative and is shown with a minus sign. The tool does not deduct preferred equity or adjust for anything else.

Common mistakes

• Entering only goodwill and forgetting other intangible assets. The single intangibles field should hold goodwill plus all other intangibles to match the usual definition.
• Subtracting the intangibles twice, for example by entering equity that has already been reduced by goodwill.
• Mixing scales, such as equity in millions and shares in individual units, which gives a per-share value a million times off.
• Using diluted or average share counts from the income statement. The standard figure divides by shares outstanding at the balance sheet date.
• Treating a negative result as an error. For companies with large acquisitions it is real and means the book value rests entirely on intangibles.