I know "book value" can refer to different things, but in general, are people referring to Total Assets minus Total Liabilities? In other words, book value - shareholder's equity?
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I believe that you need to subtract intangible assets as well, ie. goodwill (patents??), but you have the basic idea.
That'd be the difference between book and tangible book value.
Thanks guys. So to summarize, Book Value = Shareholder's Equity and Tangible Book Value = Shareholder's Equity less intangible assets?
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