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I can explain Tangible Book Value

What shareholders would own if you sold real stuff and ignored goodwill and intangibles.

Tangible book value is shareholders' equity minus intangible assets and goodwill - a measure of net physical and financial assets on the books.

Sticky trick

Tangible book is conservative. Great brands may be worth more than this number - but it's a solid floor to study.

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In plain English, what is Tangible Book Value?

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