Avante (Avante) Price-to-Tangible-Book : 1.88 (As of May. 21, 2024)

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What is Avante Price-to-Tangible-Book?

As of today (2024-05-21), Avante's share price is $0.561. Avante's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.30. Hence, Avante's Price to Tangible Book Ratio of today is 1.88.

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

ALXXF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.34 Med: 5.31 Max: 16.19
Current: 2.08

During the past 13 years, Avante's highest Price to Tangible Book Ratio was 16.19. The lowest was 1.34. And the median was 5.31.

ALXXF's Price-to-Tangible-Book is ranked better than
51.38% of 870 companies
in the Business Services industry
Industry Median: 2.1 vs ALXXF: 2.08

A closely related ratio is called PB Ratio. As of today, Avante's share price is $0.561. Avante's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.47. Hence, Avante's P/B Ratio of today is 1.19.

Avante Price-to-Tangible-Book Historical Data

The historical data trend for Avante'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.

Avante Price-to-Tangible-Book Chart

Avante Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

12.73

2.27

2.21

Avante Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.53	1.51	2.21	1.51	2.08

Competitive Comparison of Avante's Price-to-Tangible-Book

For the Security & Protection Services subindustry, Avante'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.

Avante's Price-to-Tangible-Book Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Avante's Price-to-Tangible-Book distribution charts can be found below:

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

Avante Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.561	/	0.298
	=	1.88

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.

Avante Price-to-Tangible-Book Related Terms

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

Avante (Avante) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Avante Corp (OTCPK:ALXXF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

XX:Canada

Address

1959 Leslie Street, Toronto, ON, CAN, M3B 2M3

Website

https://www.avantelogixx.com

Avante Corp is engaged in the provision of security, monitoring, system integration, and technology solutions. Its operating segments are Avante security. Its products and services include residential and corporate security business: Avante control centre, monitoring, electronic building management, patrol and rapid response, intelligent perimeter protection, secure transport, international security travel advisory services, locksmith services, and smart home automation. It provides security services for residential and condominium customers in Toronto and Muskoka, Ontario through the use of technology and client service.