Symetra Financial Corporation (SYA)

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13.34 -0.08  -0.60%   NYSE May 23, 8:00PM BATS Real time Currency in USD

Symetra Financial Corporation Tangible Book Value

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Symetra Financial Corporation Tangible Book Value Chart

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Symetra Financial Corporation Historical Tangible Book Value Data

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About Tangible Book Value

Tangible book value (TBV) is calculated by subtracting intangible assets from the company's book value. TBV is frequently used to illustrate "how much of a company is left after a bankruptcy filing?"

For instance, if a company filed bankruptcy with five million in current assets, three million in gross property, plant, and equipment, and four million in goodwill, we would expect the company to be able to sell the current assets and gross property. It would be unable / difficult to sell goodwill, because it's not a tangible asset. The TBV in this example would be eight (5+3) million.

Tangible book value excludes:
- Goodwill
- Items classified as "Intangible Assets" on the balance sheet
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