Altex Industries (Altex Industries) PB Ratio : 2.81 (As of May. 05, 2024)

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What is Altex Industries PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-05), Altex Industries's share price is $0.2749. Altex Industries's Book Value per Share for the quarter that ended in Dec. 2023 was $0.10. Hence, Altex Industries's PB Ratio of today is 2.81.

Warning Sign:

Altex Industries Inc stock PB Ratio (=2.81) is close to 10-year high of 2.81

The historical rank and industry rank for Altex Industries's PB Ratio or its related term are showing as below:

ALTX' s PB Ratio Range Over the Past 10 Years
Min: 0.38 Med: 0.73 Max: 2.81
Current: 2.81

During the past 13 years, Altex Industries's highest PB Ratio was 2.81. The lowest was 0.38. And the median was 0.73.

ALTX's PB Ratio is ranked worse than
81.77% of 993 companies
in the Oil & Gas industry
Industry Median: 1.24 vs ALTX: 2.81

During the past 12 months, Altex Industries's average Book Value Per Share Growth Rate was -6.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 2.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -0.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -6.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Altex Industries was 32.60% per year. The lowest was -15.20% per year. And the median was -5.00% per year.

Back to Basics: PB Ratio

Altex Industries PB Ratio Historical Data

The historical data trend for Altex Industries's PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Altex Industries PB Ratio Chart

Altex Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

PB Ratio

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0.78

0.89

1.41

0.82

1.60

Altex Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															0.95	1.36	1.38	1.60	1.94

Competitive Comparison of Altex Industries's PB Ratio

For the Oil & Gas E&P subindustry, Altex Industries's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Altex Industries's PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Altex Industries's PB Ratio distribution charts can be found below:

* The bar in red indicates where Altex Industries's PB Ratio falls into.

Altex Industries PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Altex Industries's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.2749	/	0.098
	=	2.81

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Altex Industries (OTCPK:ALTX) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Altex Industries PB Ratio Related Terms

Thank you for viewing the detailed overview of Altex Industries's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Altex Industries (Altex Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Altex Industries Inc (OTCPK:ALTX) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 Colorado Boulevard, Suite 273, Denver, CO, USA, 80206-4084

Website

https://www.altexinc.com/

Altex Industries Inc is a US-based holding company. Through its wholly-owned subsidiary, it owns interests in productive onshore oil and gas properties, has bought and sold producing oil and gas properties, and has participated in the drilling of exploratory and development wells, and completion of existing wells in Utah and Wyoming. The Company's revenue is from sales of oil and gas production, interest income, and, occasionally, bonus payments for mineral leases.

Executives

Jeffrey S Chernow	director	PO BOX 1057, BRECKENRIDGE CO 80424
Stephen Fante	director	PO BOX 1057, BRECKENRIDGE CO 80424

Altex Industries (Altex Industries) Headlines

From GuruFocus

Altex Industries Stock Is Estimated To Be Significantly Overvalued

By GF Value • 06-17-2021