Financial Statements
Tangible Book Value
Book value after intangible assets and often goodwill are removed.
Also called: TBV
What it means
Tangible book value is a stricter version of book value that subtracts intangible assets, and often goodwill, to focus on more physical or directly measurable net assets.
Why it matters
It can be useful when users want a more conservative view of balance-sheet backing.