AltaGas (TSX:ALA) Price-to-Tangible-Book : 4.68 (As of Apr. 26, 2024)

View and export this data going back to 2000. Start your Free Trial

What is AltaGas Price-to-Tangible-Book?

As of today (2024-04-26), AltaGas's share price is C$30.22. AltaGas's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$6.46. Hence, AltaGas's Price to Tangible Book Ratio of today is 4.68.

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

TSX:ALA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.66 Med: 4.06 Max: 14.39
Current: 4.68

During the past 13 years, AltaGas's highest Price to Tangible Book Ratio was 14.39. The lowest was 2.66. And the median was 4.06.

TSX:ALA's Price-to-Tangible-Book is ranked worse than
89.51% of 925 companies
in the Oil & Gas industry
Industry Median: 1.31 vs TSX:ALA: 4.68

A closely related ratio is called PB Ratio. As of today, AltaGas's share price is C$30.22. AltaGas's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$24.83. Hence, AltaGas's P/B Ratio of today is 1.22.

AltaGas Price-to-Tangible-Book Historical Data

The historical data trend for AltaGas'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.

AltaGas Price-to-Tangible-Book Chart

AltaGas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

3.95

13.99

14.39

4.51

4.31

AltaGas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	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															4.51	3.44	3.71	4.13	4.31

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

For the Oil & Gas Midstream subindustry, AltaGas'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.

AltaGas's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, AltaGas's Price-to-Tangible-Book distribution charts can be found below:

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

AltaGas Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	30.22	/	6.456
	=	4.68

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.

AltaGas Price-to-Tangible-Book Related Terms

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

AltaGas (TSX:ALA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » AltaGas Ltd (TSX:ALA) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

ATGFF:USA AQ3:Germany ALA.PR.H.PFD:Canada ALA.PR.G.PFD:Canada ALA.PR.B.PFD:Canada ALA.PR.A.PFD:Canada

Address

1700, 355 - 4th Avenue S.W., Calgary, AB, CAN, T2P 0J1

Website

https://www.altagas.ca

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through given segments: Midstream, Utilities and Corporate/other. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in natural gas liquid processing and extraction, transportation, and storage. Natural gas is sold and purchased for both commercial and industrial users. Revenue is derived from customers in both Canada and the United States, with Canadian customers contributing the most.

AltaGas (TSX:ALA) Headlines

No Headlines