Alony-Hetz Properties & Investments (XTAE:ALHE) Price-to-Tangible-Book : 0.87 (As of May. 01, 2024)

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What is Alony-Hetz Properties & Investments Price-to-Tangible-Book?

As of today (2024-05-01), Alony-Hetz Properties & Investments's share price is ₪24.32. Alony-Hetz Properties & Investments's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was ₪27.83. Hence, Alony-Hetz Properties & Investments's Price to Tangible Book Ratio of today is 0.87.

The historical rank and industry rank for Alony-Hetz Properties & Investments's Price-to-Tangible-Book or its related term are showing as below:

XTAE:ALHE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.68 Med: 1 Max: 1.52
Current: 0.87

During the past 13 years, Alony-Hetz Properties & Investments's highest Price to Tangible Book Ratio was 1.52. The lowest was 0.68. And the median was 1.00.

XTAE:ALHE's Price-to-Tangible-Book is ranked worse than
52.09% of 1722 companies
in the Real Estate industry
Industry Median: 0.83 vs XTAE:ALHE: 0.87

A closely related ratio is called PB Ratio. As of today, Alony-Hetz Properties & Investments's share price is ₪24.32. Alony-Hetz Properties & Investments's Book Value per Sharefor the quarter that ended in Dec. 2023 was ₪27.83. Hence, Alony-Hetz Properties & Investments's P/B Ratio of today is 0.87.

Alony-Hetz Properties & Investments Price-to-Tangible-Book Historical Data

The historical data trend for Alony-Hetz Properties & Investments'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.

Alony-Hetz Properties & Investments Price-to-Tangible-Book Chart

Alony-Hetz Properties & Investments Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

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1.03

1.49

1.21

1.32

0.83

Alony-Hetz Properties & Investments 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															0.83	0.68	0.73	0.72	1.09

Competitive Comparison of Alony-Hetz Properties & Investments's Price-to-Tangible-Book

For the Real Estate Services subindustry, Alony-Hetz Properties & Investments'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.

Alony-Hetz Properties & Investments's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Alony-Hetz Properties & Investments's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Alony-Hetz Properties & Investments's Price-to-Tangible-Book falls into.

Alony-Hetz Properties & Investments Price-to-Tangible-Book Calculation

Alony-Hetz Properties & Investments's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	24.32	/	27.832
	=	0.87

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.

Alony-Hetz Properties & Investments Price-to-Tangible-Book Related Terms

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

Alony-Hetz Properties & Investments (XTAE:ALHE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Alony-Hetz Properties & Investments Ltd (XTAE:ALHE) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Jabotinsky Street, Amot Atrium Tower, Ramat Gan, ISR, 5250501

Website

https://www.alony-hetz.com

Alony-Hetz Properties & Investments Ltd is a real estate company that owns and operates commercial properties in Israel and overseas. Its strategy is to manage a large and diversified property portfolio in developing areas and mature markets. The company also purchases and develops real estate to support its rental operations. The type of real estate it manages includes office buildings, commercial centers, supermarkets, central business stations, and industrial parks. The company's largest property investments are based in Israel, followed by the United States, Switzerland, the United Kingdom, and other regions. It also develops and maintains renewable energy installations in Israel and Poland.

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