Algoma Steel Group (Algoma Steel Group) Price-to-Tangible-Book : 0.76 (As of May. 06, 2024)

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What is Algoma Steel Group Price-to-Tangible-Book?

As of today (2024-05-06), Algoma Steel Group's share price is $7.81. Algoma Steel Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $10.32. Hence, Algoma Steel Group's Price to Tangible Book Ratio of today is 0.76.

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

ASTL' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.59 Med: 0.78 Max: 1.79
Current: 0.77

During the past 4 years, Algoma Steel Group's highest Price to Tangible Book Ratio was 1.79. The lowest was 0.59. And the median was 0.78.

ASTL's Price-to-Tangible-Book is ranked better than
63.62% of 602 companies
in the Steel industry
Industry Median: 1.045 vs ASTL: 0.77

A closely related ratio is called PB Ratio. As of today, Algoma Steel Group's share price is $7.81. Algoma Steel Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was $10.32. Hence, Algoma Steel Group's P/B Ratio of today is 0.76.

Algoma Steel Group Price-to-Tangible-Book Historical Data

The historical data trend for Algoma Steel Group'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.

Algoma Steel Group Price-to-Tangible-Book Chart

Algoma Steel Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

1.33

0.78

Algoma Steel Group Quarterly Data
	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											0.61	0.78	0.64	0.59	0.97

Competitive Comparison of Algoma Steel Group's Price-to-Tangible-Book

For the Steel subindustry, Algoma Steel Group'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.

Algoma Steel Group's Price-to-Tangible-Book Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Algoma Steel Group's Price-to-Tangible-Book distribution charts can be found below:

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

Algoma Steel Group Price-to-Tangible-Book Calculation

Algoma Steel Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	7.81	/	10.316
	=	0.76

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.

Algoma Steel Group Price-to-Tangible-Book Related Terms

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

Algoma Steel Group (Algoma Steel Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Algoma Steel Group Inc (NAS:ASTL) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

9ZY:Germany ASTL:Canada

Address

105 West Street, Sault Ste., Marie, ON, CAN, P6A 7B4

Website

https://www.algoma.com

Algoma Steel Group Inc is a Canadian company engaged in the production of clean and consistent light gauge steel. The company offers a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production including sheets, plates, slabs, and freights. The Company's revenue is generated from contracts to produce, ship, and deliver steel products Geographically it serves Canada, the United States, and the rest of the world, whilst driving key revenue from domestic sales. The company generates the majority of its revenue from the sale of Steel sheets and strips.