Free value-investing tool
TBVPS Calculator
Calculate Tangible Book Value Per Share in seconds. Enter numbers manually or look up any publicly traded company by ticker.
Data by Financial Modeling Prep. Supports US, Canada, and UK listed companies. For non-US tickers add the exchange suffix: Canada .TO (e.g. SHOP.TO), UK .L (e.g. SHEL.L).
What is Tangible Book Value (TBV)?
Tangible Book Value is the value of a company's assets that can be physically or financially measured, minus its liabilities. It intentionally excludes intangible assets such as goodwill, patents, trademarks, and brand value. The idea is to value only what could theoretically be sold or liquidated, giving investors a conservative view of net worth.
What is TBVPS (Tangible Book Value Per Share)?
Tangible Book Value Per Share (TBVPS) divides a company's Tangible Book Value by its total number of outstanding shares. It tells investors how much tangible net asset value is backing each individual share. Like book value per share, it is most useful for capital-intensive businesses such as banks, insurers, manufacturers, and real estate companies where hard assets are central to the investment thesis.
How to Calculate TBVPS
TBVPS = (Total Stockholders' Equity − Goodwill − Intangible Assets) ÷ Shares Outstanding
Start with total stockholders' equity from the balance sheet, subtract goodwill and other intangible assets, then divide the remainder by the number of shares outstanding. If you also know the current stock price, you can calculate the Price/TBVPS ratio to see whether the market is valuing the company above or below its tangible net asset value.
Why TBVPS Matters
- Conservative valuation: By removing goodwill and intangibles, TBVPS avoids overstating value after acquisitions or brand-building activities.
- Bank and insurer analysis: Financial institutions often trade relative to tangible book value because their balance sheets are dominated by loans, securities, and deposits.
- Downside protection: A stock trading below TBVPS may indicate a potential margin of safety—though it can also signal trouble, so always pair the metric with broader analysis.
- Comparison tool: Investors use Price/TBVPS to compare companies within the same industry and identify possible bargains.
How to Use This Calculator
- Choose Manual Input to enter values from a balance sheet, or choose Ticker Lookup to fetch recent data automatically.
- Enter total stockholders' equity, goodwill, intangible assets, and shares outstanding.
- Optionally add the current stock price to see the Price/TBVPS ratio.
- Click calculate to see TBVPS instantly and compare the result to the share price.
Disclaimer: This calculator is for educational and informational purposes only. Financial data may be delayed or inaccurate. Always verify figures with official filings before making investment decisions.