Alternus Energy Group (OSL:ALT) PB Ratio : (As of May. 21, 2024)

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What is Alternus Energy Group 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 (2024-05-21), Alternus Energy Group's share price is kr5.25. Alternus Energy Group's Book Value per Share for the quarter that ended in Sep. 2023 was kr-18.68. Hence, Alternus Energy Group's PB Ratio of today is .

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

During the past 5 years, Alternus Energy Group's highest PB Ratio was 2.05. The lowest was 0.26. And the median was 1.58.

OSL:ALT's PB Ratio is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 1.29
* Ranked among companies with meaningful PB Ratio only.

During the past 12 months, Alternus Energy Group's average Book Value Per Share Growth Rate was -240.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 123.30% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Alternus Energy Group was 123.30% per year. The lowest was 119.40% per year. And the median was 121.35% per year.

Back to Basics: PB Ratio

Alternus Energy Group PB Ratio Historical Data

The historical data trend for Alternus Energy Group'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.

Alternus Energy Group PB Ratio Chart

Alternus Energy Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

PB Ratio

1.71

1.33

Alternus Energy Group Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
PB Ratio	Get a 7-Day Free Trial										1.58	1.37	1.33	-	-

Competitive Comparison of Alternus Energy Group's PB Ratio

For the Utilities - Renewable subindustry, Alternus Energy Group'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.

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

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

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

Alternus Energy Group 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.

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

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2023)
	=	5.25	/	-18.681
	=

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

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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.

Alternus Energy Group (OSL:ALT) 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.

Alternus Energy Group PB Ratio Related Terms

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Alternus Energy Group (OSL:ALT) Business Description

Industry

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Traded in Other Exchanges

ALTNF:USA

Address

Blanchardstown Corporate Park 2, Suite 9-10 Plaza 212, Dublin, IRL, D15 R504

Website

https://www.alternusenergy.com

Alternus Energy Group PLC is an independent power producer of green energy. It develops, owns, and operates Utility-Scale Solar projects across Europe. The company's solar PV parks produce clean green energy and replace polluting greenhouse gas-emitting and fossil fuel-based energy. Its current portfolio consists of renewable energy facilities that are generally contracted under long-term Country Renewable Programs (FIT programs) or Energy Offtake Agreements (PPAs/VPPAs) with creditworthy counterparties.