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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. TELA Bio's tangible book value per share for the quarter that ended in Dec. 2023 was $0.68.
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 TELA Bio'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.
TELA Bio Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Tangible Book per Share | Get a 7-Day Free Trial | 2.46 | 3.22 | 1.23 | 0.62 | 0.68 |
TELA Bio 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 | 0.62 | 0.04 | 1.54 | 1.16 | 0.68 |
For the Medical Devices subindustry, TELA Bio'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 Medical Devices & Instruments industry and Healthcare sector, TELA Bio's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where TELA Bio's Price-to-Tangible-Book falls into.
TELA Bio'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) |
= | (18.881 | - | 0 | - | 2.119) | / | 24.4947 | |
= | 0.68 |
TELA Bio'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) |
= | (18.881 | - | 0 | - | 2.119) | / | 24.4947 | |
= | 0.68 |
* 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.
TELA Bio (NAS:TELA) 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 TELA Bio's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory A. Firestone | officer: Chief Business Officer | C/O TELA BIO, INC., 1 GREAT VALLEY PARKWAY, SUITE 24, MALVERN PA 19355 |
Roberto Cuca | officer: COO and CFO | C/O TREVENA, INC., 1018 WEST 8TH AVENUE, SUITE A, KING OF PRUSSIA PA 19406 |
Antony Koblish | director, officer: Chief Executive Officer | C/O TELA BIO, INC., 1 GREAT VALLEY PARKWAY, SUITE 24, MALVERN PA 19355 |
Orbimed Advisors Llc | 10 percent owner | 601 LEXINGTON AVENUE, 54TH FLOOR, NEW YORK NY 10022 |
Orbimed Capital Gp Iv Llc | 10 percent owner | 601 LEXINGTON AVENUE, 54TH FLOOR, NEW YORK NY 10022 |
Opaleye Management Inc. | 10 percent owner | ONE BOSTON PLACE, SUITE 2600, BOSTON MA 02108 |
Ew Healthcare Partners Fund 2-a, L.p. | other: See footnotes 1 and 2 | 280 PARK AVENUE, 27TH FLOOR EAST, NEW YORK NY 10017 |
Quaker Bioventures Ii Lp | 10 percent owner | QUAKER BIOVENTURES, 2929 ARCH STREET, PHILADELPHIA PA 19104 |
Quaker Bioventures Capital Ii, L.p. | 10 percent owner | CIRA CENTER, 2929 ARCH STREET, PHILADELPHIA PA 19104 |
Lisa N Colleran | director | 0NE MILLENIUM WAY, BRANCHBURG NJ 08876 |
John Nosenzo | director | C/O BIOVENTUS INC., 4721 EMPEROR BOULEVARD, SUITE 400, DURHAM NC 27703 |
Federica F. O'brien | director | C/O TELA BIO, INC., 1 GREAT VALLEY PARKWAY, SUITE 24, MALVERN PA 19355 |
Kurt Azarbarzin | director | C/O TELA BIO, INC., 1 GREAT VALLEY PARKWAY, SUITE 24, MALVERN PA 19355 |
Vincent J Burgess | director | 2210 FARADAY AVE #100, CARLSBAD CA 92008 |
Douglas G Evans | director | 1 GREAT VALLEY PARKWAY, SUITE 24, MALVERN PA 19355 |
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