Book value is literally the value of your assets, what you own, minus your total liabilities. Shareholder's equity is also book value. The other synonym for total equity is net worth. You can calculate your personal net worth based on your total assets, whatyou own, minusYour total liabilities, what you owe. Fools called the balance sheet because it must balance at all times. So we're going to switch over to the income statement really quickly. Sik, sticking with japot japoltle here. Som some people call this the profit and law statement, the p and l. We went over this in a in a prior segment, but it's important to review