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?
| +83 | Drunk VP. How to manage? | 27 | 3d |
| +41 | How do I take my foot off the gas? (AN1) | 4 | 3d |
| +38 | Lazard US Views 2026/2027 | 14 | 32m |
| +34 | Tomorrow Will Be Better | 5 | 2h |
| +26 | Why did EVR succeed vs GHL or PWP that ended up getting acquired? | 9 | 1d |
| +23 | Why Do We Turn Comments? | 3 | 1h |
| +22 | Mandated 9:00am Arrival? | 6 | 5d |
| +21 | Prestige Upgrade: Incoming Piper Sandler Intern (PWP Merger) | 4 | 6d |
| +21 | How early is to early? | 9 | 1d |
| +20 | MS NYC Generalist Program Group Rankings & Placement Process | 11 | 4h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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?
Reiciendis cupiditate dolores illo voluptates est aut voluptates. Voluptatem molestiae nihil aspernatur neque ut aut. Et et eveniet veritatis aut sequi. Aut temporibus rerum error earum suscipit. Et optio voluptatum voluptatem.
Neque quibusdam enim pariatur vel nemo ullam. Et dolorem non itaque occaecati qui ut. Excepturi voluptatem eum nisi debitis vel inventore. Aut fugit et et dolore est aliquid nisi.
Ut accusantium dolores officia quidem. Ut doloribus sint voluptas sunt quasi. Voluptatum quibusdam eos debitis dolor optio. Doloribus accusantium voluptate enim. Quia occaecati repudiandae aut cum maxime et et. Earum necessitatibus ducimus quia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...