Tangible Asset Value
Calculate the tangible asset value, a financial metric that represents the book value of a company’s equity after deducting goodwill and other intangible assets such as patents, brands and customer relationships: what remains of its tangible assets once all liabilities are paid.
The formula is as follows:
\[\text{Tangible Asset Value} = \text{Total Assets} - \text{Total Liabilities} - \text{Goodwill and Intangible Assets}\]Also known as: net tangible assets.
Tangible Asset Value in Python or via the MCP
Install the Finance Toolkit with:
pip install financetoolkit -U
Then call get_tangible_asset_value as shown below.
from financetoolkit import Toolkit
toolkit = Toolkit(
["PFE", "ABBV", "MRK"],
api_key="FINANCIAL_MODELING_PREP_KEY",
start_date="2021-01-01",
end_date="2025-12-31",
)
toolkit.ratios.get_tangible_asset_value()
Or, after setting up the Finance Toolkit MCP, ask:
How much tangible asset value, net of liabilities and goodwill, did Pfizer, AbbVie and Merck have from 2021 to 2025?
Which returns:
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| ABBV | -9.2894e+10 | -8.2308e+10 | -7.7506e+10 | -9.166e+10 | -9.1509e+10 |
| MRK | -5.94e+09 | 4.585e+09 | -1.573e+09 | 8.334e+09 | 4.402e+09 |
| PFE | 3.109e+09 | 1.172e+09 | -4.3395e+10 | -3.5442e+10 | -3.822e+10 |
Parameters
get_tangible_asset_value accepts the following parameters.
| Parameter | Type | Description | Example |
|---|---|---|---|
rounding | int | None | The number of decimals to round the results to. Defaults to None, which uses the rounding of the Toolkit (4 unless set otherwise). | 2 |
growth | bool | Whether to calculate the growth of the ratios. Defaults to False. | True |
lag | int | list[int] | The lag to use for the growth calculation. Defaults to 1. | 4 |
compound | bool | Whether the growth is the compound annual growth rate over the lag (e.g. lag=5 for the five-year CAGR) instead of the total change. Defaults to False. | False |
standardize | bool | Whether to standardize (Z-Score) the result. When combined with growth=True, standardizes the growth values instead of the raw values. Defaults to False. | True |
trailing | int | The number of periods to sum flows (income and cash flow statement items) over, with balance sheet items averaged over the same number of period ends. E.g. 4 with quarterly data gives the trailing twelve months (TTM) and 3 with annual data a three-year cumulative figure. Defaults to None, which uses single-period flows (per quarter and not annualized with quarterly data). | 4 |