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Book Value vs Equity

What is the difference between the two? Or are they synonymous?

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They’re synonymous.

Simplify the complicated side; don't complify the simplicated side.

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Book value refers to the value that’s shown on the balance sheet.  You can have a book value of debt, book value of equity, book value of assets.

Equity represents ownership in a company. You can have book value of equity, or market value of equity (which is measured by market price per share x number of common shares).

So I really don’t understand your question. Are you asking what’s the difference between book value of equity vs. market value of equity? Read the book. 

Thanks S2000.

Analyst0718, I was referring to the book value of a company.