Major banks and brokerage houses like Goldman Sachs trade below net tangible assets per share.

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These properties, including Goldman Sachs, still sell at or below net tangible assets per share.

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Banks are the cheapest group on the Big Board, still selling at or below net tangible assets per share.

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My properties still sell below net tangible assets per share, a plus.

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They remain too bearish regarding the return on equity for the big players as regulators elongate dates for compliance on net tangible assets per share, liquidity percentages and other restrictive yardsticks.

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His formula involves adding two main variables: the dealership's assets minus overall debt (also called "net tangible book value"), plus what Hall calls the "blue sky" value, equal to the dealer's pretax income times some multiple between one and six, depending on the health of the operation.

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Be wary of outfits that have a high ratio of debt to tangible net worth (that's the net worth minus paper assets like goodwill).

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In both cases what really makes the entity valuable and successful is the very special way the intangibles and tangible assets come together to generate a present value of future net income.

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