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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. Financial Gravity's tangible book value per share for the quarter that ended in Jun. 2023 was $-0.01.
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 Financial Gravity'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.
Financial Gravity Annual Data | |||||||||||||||||||||
Trend | Sep13 | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | |||||||||||
Tangible Book per Share | Get a 7-Day Free Trial | -0.03 | - | -0.01 | -0.01 | -0.01 |
Financial Gravity Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Jun23 | |
Tangible Book per Share | Get a 7-Day Free Trial | -0.02 | -0.02 | -0.01 | -0.01 | -0.01 |
For the Financial Conglomerates subindustry, Financial Gravity'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 Diversified Financial Services industry and Financial Services sector, Financial Gravity's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Financial Gravity's Price-to-Tangible-Book falls into.
Financial Gravity's Tangible Book Value Per Share for the fiscal year that ended in Sep. 2022 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (2.042 | - | 0 | - | 3.246) | / | 91.807 | |
= | -0.01 |
Financial Gravity's Tangible Book Value Per Share for the quarter that ended in Jun. 2023 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (2.533 | - | 0 | - | 3.307) | / | 94.7758 | |
= | -0.01 |
* 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.
Financial Gravity (OTCPK:FGCO) 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 Financial Gravity's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark John Williams | director | 26420 VIA MALLORCA, CARMEL CA 93923 |
William Robert Nelson | director | 2501 RANCH ROAD 620 SOUTH, SUITE 110, LAKEWAY TX 78734 |
Gary Joel Nemer | director | 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013 |
Jennifer Winters | director | 2501 RANCH ROAD 620 SOUTH, SUITE 110, LAKEWAY TX 78734 |
Scott Christopher Winters | director, officer: CEO, Co-Chairman of the Board | 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013 |
Paul O Williams | director, officer: Chief Financial Officer | 800 N. WATTERS ROAD. SUITE 120, ALLEN TX 75013 |
Debra Lynn Buckner | officer: Chief Operating Officer | 8505 S. COUNTRY CLUB DRIVE, OKLAHOMA CITY OK 73159 |
David W. Myers | director | 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013 |
Todd Bourgeois | director | 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013 |
Michael Lin Ashby | director | 800 N. WATTERS RD., SUITE 150, ALLEN TX 75013 |
John David Pollock | director, 10 percent owner, officer: CEO | 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013 |
Ricky J Johnson | officer: Chief Operating Officer | 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013 |
George E Crumley | director | 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013 |
James F. Reggio | officer: CTO and Chief Mktg Officer | 3607 POLO RUN DR., FLOWER MOUND TX 75028 |
Arthur David Crowley | director, officer: Pres. and Ch. Strategy Officer | 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013 |
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