Altius Renewable Royalties (TSX:ARR) Price-to-Tangible-Book : 1.04 (As of May. 06, 2024)

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What is Altius Renewable Royalties Price-to-Tangible-Book?

As of today (2024-05-06), Altius Renewable Royalties's share price is C$9.38. Altius Renewable Royalties's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was C$9.03. Hence, Altius Renewable Royalties's Price to Tangible Book Ratio of today is 1.04.

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

TSX:ARR' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.88 Med: 1.03 Max: 1.43
Current: 1.04

During the past 6 years, Altius Renewable Royalties's highest Price to Tangible Book Ratio was 1.43. The lowest was 0.88. And the median was 1.03.

TSX:ARR's Price-to-Tangible-Book is ranked better than
65.65% of 393 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.44 vs TSX:ARR: 1.04

A closely related ratio is called PB Ratio. As of today, Altius Renewable Royalties's share price is C$9.38. Altius Renewable Royalties's Book Value per Sharefor the quarter that ended in Mar. 2024 was C$9.03. Hence, Altius Renewable Royalties's P/B Ratio of today is 1.04.

Altius Renewable Royalties Price-to-Tangible-Book Historical Data

The historical data trend for Altius Renewable Royalties'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.

Altius Renewable Royalties Price-to-Tangible-Book Chart

Altius Renewable Royalties Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.43

1.03

0.88

Altius Renewable Royalties Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial														0.99	1.06	0.96	0.88	-

Competitive Comparison of Altius Renewable Royalties's Price-to-Tangible-Book

For the Utilities - Renewable subindustry, Altius Renewable Royalties'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.

Altius Renewable Royalties's Price-to-Tangible-Book Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Altius Renewable Royalties's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Altius Renewable Royalties's Price-to-Tangible-Book falls into.

Altius Renewable Royalties Price-to-Tangible-Book Calculation

Altius Renewable Royalties's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	9.38	/	9.029
	=	1.04

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.

Altius Renewable Royalties Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Altius Renewable Royalties's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Altius Renewable Royalties (TSX:ARR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Altius Renewable Royalties Corp (TSX:ARR) » Definitions » Price-to-Tangible-Book

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ATRWF:USA 7VZ:Germany

Address

38 Duffy Place, 2nd Floor, Saint Johns, NL, CAN, A1B 4M5

Website

https://www.arr.energy

Altius Renewable Royalties Corp is a renewable energy royalty company whose business is to invest in renewable power developers and originators. The company's long-term strategy is to gain exposure to revenue underlying renewable energy operations by acquiring and managing a portfolio of diversified renewable energy royalties including acquiring royalties and other interests directly from project originators, developers, operators, and third-party holders of existing royalties. The Company manages its business under one operating segment consisting of the acquisition and management of renewable energy investments and royalties in North America.