Net tangible assets are listed on a company's balance sheet and indicate its book value based on the amount of its total assets less all liabilities and intangible assets.

Net Tangible Assets

Net tangible assets are calculated similar to a company's stockholders' equity. However, net tangible assets exclude the value of a company's intangible assets. To calculate a company's net tangible assets, subtract its par value of preferred shares and any intangible assets, such as goodwill, patents and trademarks, from its total assets.

Calculating Net Tangible Assets

For example, as of Dec. 28, 2014, Zulily Incorporated has total assets of $492.378 million and total liabilities of $216.415 million. However, Zulily does not have any intangible assets or goodwill. Since it does not have any intangible assets, this value is calculated by subtracting $216.415 million from $492.378 million. Therefore, its net tangible assets of $275.963 million is equivalent to its total shareholders' equity.

On the other hand, as of Dec. 31, 2014 Facebook Incorporated has total assets of $40.184 billion, total liabilities of $4.088 billion, intangible assets of $3.929 billion and goodwill of $17.981 billion. To calculate the value of Facebook's net tangible assets, subtract its intangible assets, goodwill and total liabilities from its total assets. Facebook's resulting net tangible assets is $14.186 billion, or $40.184 billion less $4.088 billion, $3.929 billion and $17.981 billion.

As of Dec. 31, 2014, Amazon.com Incorporated had total assets of $54.505 billion, total liabilities of $43.764 billion and goodwill of $3.319 billion. Its resulting net tangible assets is $7.422 billion, or $54.505 billion less $43.764 billion and $3.319 billion.