Net tangible asset value per share book value all tangible assets of a corporation minus total liabilities, divided by the total number of shares outstanding. When pro forma net tangible book value per share is adjusted for the additional 3. Goldman sachs tangible book value per share gs zacks. Most investors are familiar with the pe ratio, but fewer are comfortable with a metric like tangible book value. Goldman sachs tangible book value per share was 205. In depth view into goldman sachs group tangible book value per share including historical data from 1999, charts, stats and industry comps. Financials nongaap financial measures goldman sachs.
Fifteen stocks that can weather a market downturn the globe. However, it only adjusts for intangible assets and more extensive adjustments, such as marking asset values to market, may be necessary for some sectors. Mar 28, 2017 if this information is unavailable, you may need to contact the company to get it. In this segment of the motley fools financialsfocused show, where the money is. The current price to book ratio for goldman sachs as of may 22, 2020 is 0. This calculation is often modified to exclude intangible assets, because they are not readily convertible to cash, in which case the calculation is called the tangible book value per share. A tangible book value per share tbvps is a method of valuing a company on a pershare basis by measuring its equity after removing any. Diluted book value per common share and diluted tangible book value per common share are nongaap financial measures. This is the value per share if the company were to go bankrupt and have to liquidate its assets. Goldman sachs tangible book value per share charts, historical data, comparisons and. This ratio is calculated by dividing the latest price close by tangible book value per share. The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. Tangible book value per share is an adjusted alternative to nav per share. Historical price to book ratio values for goldman sachs gs over the last 10 years.
The balance sheet lists no intangible assets, but a fair amount of goodwill drags the companys. The tangible book value per share tbvps shows the amount per share that shareholders would expect if the firm was liquidated today. This ratio gives an idea of whether an investor is paying too much for what would be left if the company went into liquidation as it represents the hard assets of the company. As of september 2017 june 2017 march 2017 december 2016 basic shares in millions 393. Total tangible equity is calculated as the total stockholders equity minus preferred stock minus intangible assets. Buffetts sale of goldman sachs is not bad news for bank stocks.
Pro forma net tangible book value per share represents the amount of goldman sachs total consolidated tangible assets minus total consolidated liabilities. Goldman sachs has a tangible book value per share of 224. Morgan stanley, goldman sachs fall below tangible book. Webmd inc securities registration statement s1a dilution. Price to book value is a valuation ratio that is measured by stock price book value per share. Goldman sachs group annualquarterly price tangible book value from 2010 to 2020. Book value is established and reported within the balance sheet of a company and is the equivalent of total book value less any intangible assets which often include patents, ed materials and.
Despite year on year detoriation of eps, goldman sachs group inc increased dividend to 1. A method of determining the current price of a security in comparison to its hard or tangible book value. Since intangibles such as goodwill cannot be sold when. Book value per share calculator for common stock finance. Jan 24, 2020 a companys nta per share is calculated so it can be fairly compared with its share price. How does the book value of a company increase more than the. Goldman sachs price to book ratio 20062020 gs macrotrends. So, to understand this, let me tell you what book value and earnings per share are individually. Bank of americas tangible book value per share for the quarter that ended in mar. Oct 21, 20 goldman sachs is one of a select group of banking firms that have managed to narrow the differential between share price and book value per share.
To compute tbvps, divide total tangible assets by the total number of shares outstanding. Goldman sachs group tangible book value per share gs. These measures are way below what goldmans average pe and pricetangiblebook ratios have been since it went public in 1999. Goldman sachs group inc gs dividend payout ratio by quarter. The same is true if you look at another way to measure a bank stocks value the pricetoearnings ratio, which is calculated by dividing a banks stock price by its earnings per share. Goldman sachs trading below tangible book value nyse. Book value per share, is something which is accumulated over time starting from the face value at the start of incorporation, then by accumulated plou. Goldman sachs group price tangible book value chart for gs. Apr 21, 2014 a current priceto tangible book value per share of one or less, indicating that the stock is trading at a discount to its underlying value. Book value per share is a widely used stock evaluation measure. As of june 2017 march 2017 december 2016 basic shares in millions 402. May, 2018 tangible book value per share book value also known as equity, shareholders funds, or net asset value is the value of all a companys assets, minus its liabilities.
Find the latest price book value for the goldman sachs group inc gs. Tangible book value per share dilution incurred by buyers and the time it takes to recover it. Online finance calculator which helps to calculate the book value per share from the values of stack holders equity, preferred stock and total outstanding shares. The goldman sachs group inc gs book value per share. Goldman sachs stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news. Goldman sachs gs stock price live quote historical chart. Mar 28, 2017 book value per share equals total assets minus total liabilities divided by total outstanding shares. A method of valuing a company that excludes intangible assets, such as good will.
The gs, including valuation measures, fiscal year financial statistics, trading record, share statistics and more. The nta per share, or book value per share, is simply the nta divided by the number of shares the company has outstanding. Gs s pricetotangiblebook range over the past 10 years. The companys management believes diluted tangible book value per common share is a useful measure for investors to evaluate the value of the company. A tangible book value per share tbvps is a method of valuing a company on a per share basis by measuring its equity after removing any intangible assets. Aug 2003 adjusted leveraged ratio and tangible book value per share pdf, 15 kb. One part of the interview surely resonated with bank investors. Find the latest book value per share for the goldman sachs group inc gs. Bank of americas tangible book value per share for the quarter that ended in. Oct 10, 2016 if, for some reason, a company were to cease trading permanently, the people who had put money into the business its shareholders and creditors get their money out by having the assets of the company sold and converted into cash. Tangible book value per share is calculated as the total tangible equity divided by.
What does it mean if a company has a negative tangible book. Goldman sachs made the decision to break from the pack as some of the other banks in the. Jun 20, 2016 share price, which has dropped about 18 percent this year, is trading at 87 percent of tangible book value. Is tangible book value per share dilution an insurmountable. Find out all the key statistics for goldman sachs group, inc. Tangible book value per share valuation moneyterms. Pro forma net tangible book value per share is equal to total tangible assets less total liabilities, divided by the total pro forma number of shares of common stock outstanding, after giving effect to the issuance of series b preferred stock in connection with the. Cohen called investor fixation on tbvps dilution a new problem and observed that it is hard to pay a price that investors demand and keep the earnback period within five years. The tbv excludes a firms intellectual property, patents, and trademarks because these are intangible assets that cannot be easily sold such as property, plant, and equipment.