what does ptbv represent 
ptbv represents the market value of a company s shares as a multiple against the amount it would receive if it was forced to sell off all of its hard assets the bottom lineprice to tangible book value ptbv is one of many calculations that analysts may use in an effort to pinpoint the fair value of a public company s stock it is not particularly relevant to some companies such as today s technology giants because their true value lies in their intangible assets such as their intellectual property and patents it is more relevant when considering a manufacturer such as general motors or any company that relies heavily on its investments in machinery equipment or buildings 