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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. Flotek Industries's tangible book value per share for the quarter that ended in Dec. 2023 was $3.44.
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 Flotek Industries'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.
Flotek Industries Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Tangible Book per Share | Get a 7-Day Free Trial | 15.73 | 3.21 | 1.65 | 0.20 | 3.44 |
Flotek Industries Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Tangible Book per Share | Get a 7-Day Free Trial | 0.20 | 3.89 | 3.88 | 3.36 | 3.44 |
For the Oil & Gas Equipment & Services subindustry, Flotek Industries'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 Oil & Gas industry and Energy sector, Flotek Industries's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Flotek Industries's Price-to-Tangible-Book falls into.
Flotek Industries's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (101.96 | - | 0 | - | 0) | / | 29.6641 | |
= | 3.44 |
Flotek Industries's Tangible Book Value Per Share for the quarter that ended in Dec. 2023 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (101.96 | - | 0 | - | 0) | / | 29.6641 | |
= | 3.44 |
* 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.
Flotek Industries (NYSE:FTK) 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 Flotek Industries's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
David Nierenberg | director | 19605 NE 8TH STREET, CAMAS WA 98607 |
Ryan Gillis Ezell | officer: SVP, Operations | 10603 N. SAM HOUSTON PARKWAY W., SUITE 300, HOUSTON TX 77064 |
Matthew Wilks | director | 17010 IH-20, CISCO TX 76437 |
James Bond Clement | officer: Chief Financial Officer | 400 E. KALISTE SALOOM ROAD, SUITE 6000, LAFAYETTE LA 70508 |
Harshavardhan V Agadi | director | 5755 NORTH POINT PKWAY #266, ALPHARETTA GA 30022 |
Gibson John W Jr | director, officer: CEO and President | 10603 W. SAM HOUSTON PKWY N., SUITE 300, HOUSTON TX 77064 |
Profrac Holding Corp. | 10 percent owner | 333 SHOPS BOULEVARD, SUITE 301, WILLOW PARK TX 76087 |
Evan R Farber | director | 7903 KENTUCKY AVE., BETHESDA MD 20814 |
Seham Saleh Carson | officer: Interim CFO | 3318 RAVENS ROOST, MISSOURI CITY TX 77459 |
Profrac Holdings Ii, Llc | 10 percent owner | 333 SHOPS BLVD., SUITE 301, WILLOW PARK TX 76087 |
Profrac Holdings, Llc | 10 percent owner | 333 SHOPS BLVD., SUITE 301, WILLOW PARK TX 76087 |
Thrc Management, Llc | 10 percent owner | 17018 INTERSTATE 20, CISCO TX 76437 |
Thrc Holdings, Lp | 10 percent owner | 17018 INTERSTATE 20, CISCO TX 76437 |
Staci Wilks | 10 percent owner | 17018 INTERSTATE 20, CISCO TX 76437 |
Farris Wilks | 10 percent owner | 17018 INTERSTATE 20, CISCO TX 76437 |
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