Tangible Asset Book Value Per Share (Historical) Formula in Excel

Tangible Asset Book Value Per Share (Historical) is a critical metric for investors and analysts looking to evaluate a company's true net asset position. By using this formula in Excel with MarketXLS, you can quickly assess the company's tangible assets (assets without intangible items like goodwill) per outstanding share. This becomes a reliable indicator of a firm's financial strength and potential investment value.

Understanding Tangible Asset Book Value Per Share (Historical)

• Purpose: The Tangible Asset Book Value Per Share measures how much of a firm’s net tangible assets are attributable to each share of stock.
• Key Benefits:
  • Helps you gauge the real asset backing of a company per share.
  • Useful for comparative analysis across similar companies.
  • Assists in fundamental research for long-term investments.
• When to Use:
  • Conducting in-depth equity valuations.
  • Comparing net tangible asset values across the same industry.
  • Evaluating a company’s financial stability during market volatility.

Syntax and Parameters

Use the following syntax in Excel to call this function:

=hf_Tangible_Asset_Book_Value_per_Share(Symbol, year, [quarter], [TTM])

?? Note: If Symbol is invalid or you do not have the appropriate data subscription, the function returns "NA".

Return Value

The function returns a numeric value representing the company's tangible book value per share for the specified period. If data is unavailable, the function returns "NA".

Error Handling and Special Cases

• Invalid Symbol: Returns "NA".
• License Validation: If you do not have the required MarketXLS historical fundamentals license, it may return a custom error message.
• Performance Considerations: While retrieving historical fundamentals, network speed and data subscription level may affect calculation time.

Examples and Usage

Below are practical examples demonstrating different ways to retrieve data:

1. By specifying a symbol and year only:

   =hf_Tangible_Asset_Book_Value_per_Share("MSFT", 2022)

   Retrieves the Tangible Asset Book Value Per Share for Microsoft in 2022.

2. Including a quarter:

   =hf_Tangible_Asset_Book_Value_per_Share("MSFT", 2022, 2)

   Fetches the value for Microsoft in 2022’s second quarter.

3. Trailing Twelve Months (TTM):

   =hf_Tangible_Asset_Book_Value_per_Share("MSFT", 2022, 3, "TTM")

   Gets the TTM-based value up to the third quarter of 2022.

4. Using last-quarter or last-year notations:

   =hf_Tangible_Asset_Book_Value_per_Share("MSFT", "lq")

   Returns the most recent available quarter’s value.

5. Using cell references (if cell A2 contains “MSFT” and A3 contains “2022”):

   =hf_Tangible_Asset_Book_Value_per_Share(A2, A3)

? Pro Tip: You can reference Excel date functions or direct year inputs if you maintain historical data in different cells. For example:

• =hf_Tangible_Asset_Book_Value_per_Share(A2, YEAR(TODAY()))
• Or dynamically use "ly", "lq-1", etc., to compare previous periods seamlessly.

Common Questions

1. What if I want to compare multiple companies’ tangible book values at once?

   • Use multiple cells with this formula for each symbol, referencing different ticker symbols in separate rows or columns.

2. Why am I getting “NA” for certain periods or symbols?

   • The data might be unavailable, or your subscription may not cover the symbol. Ensure you have a valid subscription and the correct ticker symbol format.

3. Can I apply this metric to other asset classes like options or crypto?

   • Yes, MarketXLS supports a wide range of instruments. However, data availability (like historical fundamentals) for certain symbols (especially crypto) may be limited.

4. How do I troubleshoot unexpected values or further refine the data?

   • Double-check parameter inputs (symbol, year, quarter, TTM). Ensure your cell references are correct and your MarketXLS subscription is valid. If errors persist, contact MarketXLS support.

5. Are there any limitations when referencing custom date formats?

   • This function uses specific parameters for year, quarter, and TTM. For more granular date-based queries, you might need other MarketXLS functions or advanced setups.

?? Note: Always verify the final value with additional metrics (like revenue growth or market cap) for a complete picture of a company’s financial health.