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Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. Palo Alto Networks's tangible book value per share for the quarter that ended in Apr. 2024 was $2.13.
Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
The historical data trend for Palo Alto Networks's Tangible Book per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Palo Alto Networks Annual Data | |||||||||||||||||||||
Trend | Jul14 | Jul15 | Jul16 | Jul17 | Jul18 | Jul19 | Jul20 | Jul21 | Jul22 | Jul23 | |||||||||||
Tangible Book per Share | Get a 7-Day Free Trial |
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-0.16 | -3.70 | -8.38 | -9.78 | -4.85 |
Palo Alto Networks Quarterly Data | ||||||||||||||||||||
Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | |
Tangible Book per Share | Get a 7-Day Free Trial |
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-6.66 | -4.85 | -3.34 | 1.69 | 2.13 |
For the Software - Infrastructure subindustry, Palo Alto Networks's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Software industry and Technology sector, Palo Alto Networks's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Palo Alto Networks's Price-to-Tangible-Book falls into.
Palo Alto Networks's Tangible Book Value Per Share for the fiscal year that ended in Jul. 2023 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (1748.4 | - | 0 | - | 3242.2) | / | 308.3 | |
= | -4.85 |
Palo Alto Networks's Tangible Book Value Per Share for the quarter that ended in Apr. 2024 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (4467.8 | - | 0 | - | 3780.3) | / | 323.4 | |
= | 2.13 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
Palo Alto Networks (NAS:PANW) Tangible Book per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Thank you for viewing the detailed overview of Palo Alto Networks's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
John Donovan | director | 208 S. AKARD ST. , ROOM 3025, DALLAS TX 75202 |
Nir Zuk | director, officer: CTO | 3000 TANNERY WAY, SANTA CLARA CA 95054 |
John P. Key | director | 3000 TANNERY WAY, SANTA CLARA CA 95054 |
Dipak Golechha | officer: EVP, Chief Financial Officer | 3000 TANNERY WAY, SANTA CLARA CA 95054 |
Nikesh Arora | director, officer: Chief Executive Officer | 3000 TANNERY WAY, SANTA CLARA CA 95054 |
Lee Klarich | officer: Chief Product Officer | 4401 GREAT AMERICA PKWY, SANTA CLARA CA 95054 |
Josh D. Paul | officer: Chief Accounting Officer | 3000 TANNERY WAY, SANTA CLARA CA 95054 |
Jenkins William D Jr | officer: President | C/O PALO ALTO NETWORKS INC, 3000 TANNERY WAY, SANTA CLARA CA 95054 |
Aparna Bawa | director | C/O ZOOM VIDEO COMMUNICATIONS, INC., 55 ALMADEN BOULEVARD, 6TH FLOOR, SAN JOSE CA 95113 |
Carl M. Eschenbach | director | C/O SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, PALO ALTO CA 94025 |
James J Goetz | director | C/O SEQUOIA CAPITAL, 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025 |
Mark D Mclaughlin | director, officer: President & CEO | C/O PALO ALTO NETWORKS, INC., 4401 GREAT AMERICA PKWY, SANTA CLARA CA 95054 |
Amit K. Singh | officer: President | 3000 TANNERY WAY, SANTA CLARA CA 95054 |
Helene D Gayle | director | C/O COLGATE PALMOLIVE COMPANY, 300 PARK AVENUE, NEW YORK NY 10022 |
Jean Compeau | officer: Chief Accounting Officer | 3000 TANNERY WAY, SANTA CLARA CA 95054 |
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