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Aldd Ventures (TSXV:ALDD.P) Price-to-Tangible-Book : 1.74 (As of May. 28, 2024)


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What is Aldd Ventures Price-to-Tangible-Book?

As of today (2024-05-28), Aldd Ventures's share price is C$0.075. Aldd Ventures's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$0.04. Hence, Aldd Ventures's Price to Tangible Book Ratio of today is 1.74.

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

TSXV:ALDD.P' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.7   Med: 1.74   Max: 3.19
Current: 1.88

During the past 2 years, Aldd Ventures's highest Price to Tangible Book Ratio was 3.19. The lowest was 1.70. And the median was 1.74.

TSXV:ALDD.P's Price-to-Tangible-Book is not ranked
in the Diversified Financial Services industry.
Industry Median: 1.845 vs TSXV:ALDD.P: 1.88

A closely related ratio is called PB Ratio. As of today, Aldd Ventures's share price is C$0.075. Aldd Ventures's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$0.04. Hence, Aldd Ventures's P/B Ratio of today is 1.74.

Aldd Ventures Price-to-Tangible-Book Historical Data

The historical data trend for Aldd Ventures'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.

Aldd Ventures Price-to-Tangible-Book Chart

Aldd Ventures Annual Data
Trend Mar22 Mar23
Price-to-Tangible-Book
- -

Aldd Ventures Quarterly Data
Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Price-to-Tangible-Book Get a 7-Day Free Trial - - 3.19 1.70 1.74

Competitive Comparison of Aldd Ventures's Price-to-Tangible-Book

For the Shell Companies subindustry, Aldd Ventures'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.

Aldd Ventures's Price-to-Tangible-Book Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Aldd Ventures's Price-to-Tangible-Book distribution charts can be found below:

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


Aldd Ventures Price-to-Tangible-Book Calculation

Aldd Ventures's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=0.075/0.043
=1.74

* 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.

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.

Aldd Ventures Price-to-Tangible-Book Related Terms

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

Aldd Ventures (TSXV:ALDD.P) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Aldd Ventures Corp (TSXV:ALDD.P) » Definitions » Price-to-Tangible-Book
Comparable Companies
Traded in Other Exchanges
N/A
Address
West Pender Street, 6th Floor, Vancouver, BC, CAN, V6C 1L6
Website
Aldd Ventures Corp is a capital pool company.

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