Finance & Accounting / FP&A
Tangible Book Value TBV / TCE
What shareholders' equity would be if you erased the accounting intangibles, goodwill and other soft assets, leaving only the hard, sellable net worth.
The fork, why two teams get different numbers
TBV strips goodwill and intangibles from book equity.
In the Metric Library
- The full fork, both definitions worked all the way through
- The trap that makes the number lie, on a real export
- Every formula variant, spelled out
- The reconciliation anchor, what to tie it to and when to refuse
Reference: Non-GAAP analytical measure, no authoritative standard; FASB ASC 350 (Intangibles); bank-regulatory tangible common equity conventions