Algonquin Power & Utilities (TSX:AQN) Price-to-Tangible-Book

: 1.24 (As of Today)

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As of today (2024-04-23), Algonquin Power & Utilities's share price is C$8.31. Algonquin Power & Utilities's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$6.69. Hence, Algonquin Power & Utilities's Price to Tangible Book Ratio of today is 1.24.

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

TSX:AQN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.22 Med: 2.28 Max: 3.11
Current: 1.24

During the past 13 years, Algonquin Power & Utilities's highest Price to Tangible Book Ratio was 3.11. The lowest was 1.22. And the median was 2.28.

TSX:AQN's Price-to-Tangible-Book is ranked better than
56.92% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.42 vs TSX:AQN: 1.24

A closely related ratio is called PB Ratio. As of today, Algonquin Power & Utilities's share price is C$8.31. Algonquin Power & Utilities's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$9.45. Hence, Algonquin Power & Utilities's P/B Ratio of today is 0.88.

Algonquin Power & Utilities Price-to-Tangible-Book Historical Data

The historical data trend for Algonquin Power & Utilities'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.

Algonquin Power & Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

2.80

2.64

2.20

1.23

1.25

Algonquin Power & Utilities 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																1.23	1.48	1.59	1.23	1.25

Competitive Comparison

For the Utilities - Renewable subindustry, Algonquin Power & Utilities'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.

Algonquin Power & Utilities Price-to-Tangible-Book Distribution

For the Utilities - Independent Power Producers industry and Utilities sector, Algonquin Power & Utilities's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Algonquin Power & Utilities's Price-to-Tangible-Book falls into.

Algonquin Power & Utilities Price-to-Tangible-Book Calculation

Algonquin Power & Utilities's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	8.31	/	6.69
	=	1.24

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.

Algonquin Power & Utilities Price-to-Tangible-Book Related Terms

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Algonquin Power & Utilities (TSX:AQN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Algonquin Power & Utilities Corp (TSX:AQN) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

AQNU:USA AGQPF.PFD:USA AQN:USA 751:Germany AQN.PR.D.PFD:Canada AQN.PR.A.PFD:Canada

Address

354 Davis Road, Oakville, ON, CAN, L6J 2X1

Website

https://www.algonquinpower.com

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN provides renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities.