Tangible Book value in screener

How is the tangible book value calculated in the screener?

Is it current assets - total liabilities?

Or is it total assets - total liabilities?

Or total cash+cash equivalents - total liabilities?


Thank you for the question.

Tangible Book Value = Tangible Book Value Per Share x Shares Outstanding

Both “Tangible Book Value Per Share” and “Shares Outstanding” are provided by my upstream directly.

In their definition, Tangible Book Value Per Share = Total Net Asset Value of a company (book value) minus intangible assets and goodwill.

I hope that answer your question.


Thanks for the clarification!

I am trying to construct part of a Net-Net stock screener

Current assets - Total liabilities / total shares outstanding