Altair Engineering (FRA:8A2) 3-Year Book Growth Rate : 19.30% (As of Mar. 2024)

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What is Altair Engineering 3-Year Book Growth Rate?

Altair Engineering's Book Value per Share for the quarter that ended in Mar. 2024 was €8.46.

During the past 12 months, Altair Engineering's average Book Value per Share Growth Rate was 22.10% 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 average Book Value per Share growth rate.

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.

Competitive Comparison of Altair Engineering's 3-Year Book Growth Rate

For the Software - Infrastructure subindustry, Altair Engineering's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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 3-Year Book Growth Rate Distribution in the Software Industry

For the Software industry and Technology sector, Altair Engineering's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Altair Engineering's 3-Year Book Growth Rate falls into.

Altair Engineering 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

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 average Book Value per Share growth rate.

Altair Engineering (FRA:8A2) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Altair Engineering 3-Year Book Growth Rate Related Terms

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Altair Engineering (FRA:8A2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Altair Engineering Inc (FRA:8A2) » Definitions » 3-Year Book Growth Rate

Comparable Companies

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Traded in Other Exchanges

ALTR:USA ALTR:Mexico 8A2:Germany

Address

1820 East Big Beaver Road, Troy, MI, USA, 48083

Website

https://www.altair.com

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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