Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
Corporacion Acciona Energias Renovables Tangible Book per Share Historical Data
* 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.
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Corporacion Acciona Energias Renovables Tangible Book per Share Chart
Corporacion Acciona Energias Renovables Annual Data
Competitive Comparison of Corporacion Acciona Energias Renovables's Tangible Book per Share
For the Utilities - Renewable subindustry, Corporacion Acciona Energias Renovables'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.
Corporacion Acciona Energias Renovables's Price-to-Tangible-Book Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Corporacion Acciona Energias Renovables's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Corporacion Acciona Energias Renovables's Price-to-Tangible-Book falls into.
Corporacion Acciona Energias Renovables Tangible Book per Share Calculation
* 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.
Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
Corporacion Acciona Energias Renovables (XMAD:ANE) Tangible Book 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.
Corporacion Acciona Energias Renovables Tangible Book per Share Related Terms
Thank you for viewing the detailed overview of Corporacion Acciona Energias Renovables's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Corporacion Acciona Energias Renovables (XMAD:ANE) Business Description
A renewables developer, Acciona Energia was spun off from Spanish industrial conglomerate Acciona in July 2021. The floating share is 17.3%. In June 2022, the group had 9.2 gigawatts of consolidated capacity (11.2 GW of total capacity). Eighty percent of Acciona Energia's capacity is onshore wind, nearly 10% is hydro dams in Spain and 9% is solar photovoltaic. Geographically, 50% of the capacity are located in Spain. The three biggest markets outside Spain are Mexico, the U.S., and Australia accounting for 12%, 11%, and 6% of capacity, respectively.
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