Tangible Book Value
Shareholders' equity minus goodwill and other intangibles — what's left if you ignore non-physical assets.
What it is
Tangible book value is total shareholders' equity with goodwill and intangible assets stripped out. It estimates the net assets backing each share if you only count items with a clear physical or financial substance. It is sometimes called tangible net worth or tangible common equity.
Why it matters
Goodwill and intangibles can be written down to zero in a bad year, so equity that leans heavily on them is fragile. Tangible book value gives a more conservative floor and is a standard yardstick for banks and acquisition-heavy companies, where reported book value is often inflated by past deals.
How it's calculated
Take total shareholders' equity from the balance sheet, then subtract goodwill and other intangible assets; divide by shares outstanding for per-share tangible book value.
How Quintarthai uses it
The Financials and Statistics tabs on a company page show equity, goodwill, and intangibles so you can compute or sanity-check tangible book value yourself.