Altium (ASX:ALU) PB Ratio : 18.31 (As of Apr. 25, 2024)

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What is Altium 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 (2024-04-25), Altium's share price is A$65.45. Altium's Book Value per Share for the quarter that ended in Dec. 2023 was A$3.58. Hence, Altium's PB Ratio of today is 18.31.

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

ASX:ALU' s PB Ratio Range Over the Past 10 Years
Min: 3.25 Med: 14.01 Max: 72.92
Current: 18.31

During the past 13 years, Altium's highest PB Ratio was 72.92. The lowest was 3.25. And the median was 14.01.

ASX:ALU's PB Ratio is ranked worse than
94.84% of 2578 companies
in the Software industry
Industry Median: 2.615 vs ASX:ALU: 18.31

During the past 12 months, Altium's average Book Value Per Share Growth Rate was 11.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 19.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 16.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 43.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Altium was 202.50% per year. The lowest was -47.10% per year. And the median was 8.60% per year.

Back to Basics: PB Ratio

Altium PB Ratio Historical Data

The historical data trend for Altium'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.

Altium PB Ratio Chart

Altium Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

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16.80

15.93

14.38

9.05

10.72

Altium Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial															16.31	9.05	10.98	10.72	13.10

Competitive Comparison of Altium's PB Ratio

For the Software - Application subindustry, Altium'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.

Altium's PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Altium's PB Ratio distribution charts can be found below:

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

Altium 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.

Altium's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	65.45	/	3.575
	=	18.31

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.

Altium (ASX:ALU) 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.

Altium PB Ratio Related Terms

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Altium (ASX:ALU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Altium Ltd (ASX:ALU) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

ALMFF:USA A5V:Germany

Address

821 Pacific Highway, Suite 3, Level 6, Tower B, The Zenith, Chatswood, Sydney, NSW, AUS, 2067

Website

https://www.altium.com

Altium is a well-run technology company providing specialized software for the design of printed circuit boards. Altium's core design software has rapidly taken market share in the past decade and is now among the world's most widely used. In addition, Altium owns and operates the world's largest online marketplace for searching and sourcing electronic components used in printed circuit board manufacturing, and this industry is still in the early stages of moving toward online marketing.