Altair Engineering's book value per share for the quarter that ended in Dec. 2023 was $8.67.
During the past 12 months, Altair Engineering's average Book Value Per Share Growth Rate was 21.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 19.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 15.80% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Altair Engineering was 72.50% per year. The lowest was 13.00% per year. And the median was 21.00% per year.
Altair Engineering's current price is $83.175. Its book value per share for the quarter that ended in Dec. 2023 was $8.67. Hence, today's PB Ratio of Altair Engineering is 9.59.
During the past 9 years, the highest P/B Ratio of Altair Engineering was 34.41. The lowest was 4.77. And the median was 8.91.
Altair Engineering Book Value per Share Historical Data
The historical data trend for Altair Engineering's Book Value per Share 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.
Competitive Comparison of Altair Engineering's Book Value per Share
For the Software - Infrastructure subindustry, Altair Engineering's PB Ratio, along with its competitors' market caps and PB Ratio 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.
Altair Engineering's PB Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Altair Engineering's PB Ratio distribution charts can be found below:
* The bar in red indicates where Altair Engineering's PB Ratio falls into.
Altair Engineering Book Value per Share Calculation
Altair Engineering's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
Altair Engineering (NAS:ALTR) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Altair Engineering Book Value per Share Related Terms
Thank you for viewing the detailed overview of Altair Engineering's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Altair Engineering (Altair Engineering) Business Description
Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Majority of its revenue comes from the software segment.
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