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Altern Energy (KAR:ALTN) PB Ratio : 0.41 (As of Dec. 14, 2024)


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What is Altern Energy PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-12-14), Altern Energy's share price is ₨20.00. Altern Energy's Book Value per Share for the quarter that ended in Sep. 2024 was ₨49.18. Hence, Altern Energy's PB Ratio of today is 0.41.

The historical rank and industry rank for Altern Energy's PB Ratio or its related term are showing as below:

KAR:ALTN' s PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.58   Max: 1.14
Current: 0.39

During the past 13 years, Altern Energy's highest PB Ratio was 1.14. The lowest was 0.27. And the median was 0.58.

KAR:ALTN's PB Ratio is ranked better than
89.44% of 426 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.2 vs KAR:ALTN: 0.39

During the past 12 months, Altern Energy's average Book Value Per Share Growth Rate was 7.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -4.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -1.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 2.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Altern Energy was 13.20% per year. The lowest was -6.80% per year. And the median was 4.80% per year.

Back to Basics: PB Ratio


Altern Energy PB Ratio Historical Data

The historical data trend for Altern Energy's PB Ratio 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.

Altern Energy PB Ratio Chart

Altern Energy Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.48 0.42 0.29 0.51

Altern Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.32 0.47 0.45 0.51 0.43

Competitive Comparison of Altern Energy's PB Ratio

For the Utilities - Independent Power Producers subindustry, Altern Energy's PB Ratio, along with its competitors' market caps and PB Ratio 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.


Altern Energy's PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Altern Energy's PB Ratio distribution charts can be found below:

* The bar in red indicates where Altern Energy's PB Ratio falls into.



Altern Energy PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Altern Energy's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Sep. 2024)
=20.00/49.178
=0.41

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.


Altern Energy  (KAR:ALTN) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Altern Energy PB Ratio Related Terms

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Altern Energy Business Description

Traded in Other Exchanges
N/A
Address
18 Kilometer, Ferozepur Road, Descon Headquarters, Lahore, PB, PAK
Altern Energy Ltd generates and supplies electric power to the Water and Power Development Authority of Pakistan from its thermal power plant. The company is to build, own, operate, and maintain a gas-fired power plant having a gross capacity of 32 Mega Watts.

Altern Energy Headlines

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