Not exact matches
Tangible book value per share is adjusted
book value per share excluding the after - tax
value of goodwill and other intangible assets divided by the
number of common shares outstanding.
Haircut our earnings
numbers that analysts project and forecast buying back, say, $ 10 billion a year for three years at
tangible book value.
If you run the same
numbers as above, but at $ 45 per share, buybacks would be accretive to earnings and approximately break even to
tangible book value — still attractive but far less so.
Our net
tangible book value at March 31, 2012 was $ 0.24 per share and was determined by dividing our actual net
tangible book value (total
book value of
tangible assets less total liabilities) on that date, by the
number of outstanding shares (1,249,446) on March 31, 2012.