Altex Industries (Altex Industries) Price-to-Tangible-Book : 2.81 (As of May. 05, 2024)

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What is Altex Industries Price-to-Tangible-Book?

As of today (2024-05-05), Altex Industries's share price is $0.2749. Altex Industries's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.10. Hence, Altex Industries's Price to Tangible Book Ratio of today is 2.81.

The historical rank and industry rank for Altex Industries's Price-to-Tangible-Book or its related term are showing as below:

ALTX' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.43 Med: 0.76 Max: 2.81
Current: 2.75

During the past 13 years, Altex Industries's highest Price to Tangible Book Ratio was 2.81. The lowest was 0.43. And the median was 0.76.

ALTX's Price-to-Tangible-Book is ranked worse than
78.49% of 930 companies
in the Oil & Gas industry
Industry Median: 1.32 vs ALTX: 2.75

A closely related ratio is called PB Ratio. As of today, Altex Industries's share price is $0.2749. Altex Industries's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.10. Hence, Altex Industries's P/B Ratio of today is 2.81.

Altex Industries Price-to-Tangible-Book Historical Data

The historical data trend for Altex Industries's Price-to-Tangible-Book 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 Price-to-Tangible-Book Chart

Altex Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Price-to-Tangible-Book

Get a 7-Day Free Trial

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
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.95	1.36	1.38	1.60	1.94

Competitive Comparison of Altex Industries's Price-to-Tangible-Book

For the Oil & Gas E&P subindustry, Altex Industries's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Altex Industries's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Altex Industries's Price-to-Tangible-Book falls into.

Altex Industries Price-to-Tangible-Book Calculation

Altex Industries's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.2749	/	0.098
	=	2.81

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

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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

Be Aware

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

Altex Industries Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Altex Industries's Price-to-Tangible-Book 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 » Price-to-Tangible-Book

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