Doe, John

New Stock Valuation Method: Price to Book to Price to Tangible Book

Somewhat confused...what was your method for assessing and quantifying the variables you mention (intangibles and goodwill)? Additionally, the portal or screener used is irrelevant: the "tangible book value" is there for your use straight from a company's balance sheet. And as far as I know, neither of the "goodwill and intangibles" extras can end up on a company's balance sheet through GAAP procedures unless acquisition is involved. Total book value should involve no intangibles...that's where market value comes into play.

These figures, in my understanding, are reflected in a market capitalization (and derived stock price) higher than book value (shareholders equity).

Simply put, a market cap lower than shareholders equity (a P/B lower than 1) shows a possibly (and probably) undervalued stock, regardless of intangibles or goodwill. Hence why stocks in general will trade at a value greater than 1: intangibles plus book value.

In all seriousness, unless I'm completely off I'd love further insight into your findings.