# Book Value Per Share

Total equity divided by diluted shares outstanding.

## Definition

Book value per share (BVPS) is the accounting net worth of the company on a per-share basis. It represents the value attributable to each share if the company were liquidated at balance-sheet values.

## Formula

Total Equity ÷ Diluted Shares Outstanding

## Why it matters

BVPS matters most for asset-heavy businesses (banks, insurers, REITs) where balance-sheet values approximate economic value. For asset-light businesses (software, brands), BVPS systematically understates the value of intangibles like customer relationships and IP.

## How Standard Equity uses it

Shown in the main table. Banks, insurers and broker-dealers also get Tangible Book Value Per Share, which excludes goodwill, so you can see the gap. The SE Grade's moat pillar counts the years it grew for those companies. Investment holding companies (Exor and the like) show it as Book/sh: for a fair-value investment entity book value is its net asset value; for an equity-method holder it is not, since its stakes are carried at cost plus retained earnings, not market value.

## The metric

| Category | Per-Share |
| -------- | --------- |
| Unit     | $         |

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