Sunday, 8 November 2026 Weekly snapshot · Not investment advice standard-equity.report
Per-Share
Tangible Book Value Per Share
Book value excluding goodwill and intangibles, per share.
Definition
Tangible book value per share (TBVPS) is book value with goodwill and other intangible assets stripped out. It represents the per-share value of the company's hard, tangible net assets.
Formula
(Total Equity − Goodwill − Intangibles) ÷ Diluted Shares Outstanding
Why it matters
For banks and insurers, TBVPS is the gold-standard balance-sheet metric — goodwill from acquisitions inflates book value but doesn't represent real loss-absorbing capital. Regulators and credit analysts focus on tangible equity.
How Standard Equity uses it
Shown in the main table for banks, insurers and broker-dealers, in place of FCF per share. Drives the Price-to-Tangible-Book (P/TBV) multiple.
The metric
| Category | Per-Share |
|---|---|
| Unit | $ |
| Applies to | Banks only |