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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.
Also Holding AG Price-to-Tangible-Book Related Terms
Also Holding AG Price-to-Tangible-Book Historical Data
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The historical data trend for Also Holding AG'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.
XSWX:ALSN vs SNX, ARW, AVT: Price-to-Tangible-Book Comparison
For the Electronics & Computer Distribution subindustry, Also Holding AG'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.
Also Holding AG Price-to-Tangible-Book vs Hardware Industry
For the Hardware industry and Technology sector, Also Holding AG's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Also Holding AG's Price-to-Tangible-Book falls into.
* 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 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.
Also Holding AG (XSWX:ALSN) has a Price-to-Tangible-Book of 2.17 as of Sep. 10, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Also Holding AG and its competitors. According to the industry distribution chart, Also Holding AG ranks #1006 out of 2307 companies in the Hardware industry, placing it in the top 43.6%.
Is Also Holding AG's Price-to-Tangible-Book too high?
Also Holding AG's current Price-to-Tangible-Book is 2.17. The Hardware industry median Price-to-Tangible-Book is 2.54. Also Holding AG's value of 2.17 is 14.6% below this industry median. Based on the distribution chart, Also Holding AG ranks #1006 out of 2307 companies in the Hardware industry, which is above the industry midpoint. Overall, Also Holding AG has a GF Score™ of 58/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Also Holding AG's Price-to-Tangible-Book compare to SNX and ARW?
According to the Hardware industry distribution chart, Also Holding AG ranks #1006 out of 2307 companies for Price-to-Tangible-Book. This puts Also Holding AG in the upper half of its industry. The industry median Price-to-Tangible-Book is 2.54. Also Holding AG's value of 2.17 is 14.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Hardware company?
The median Price-to-Tangible-Book among Hardware companies is 2.54, based on 2,307 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Also Holding AG's current Price-to-Tangible-Book of 2.17 is 14.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Also Holding AG and its competitors. For the Hardware industry, the median Price-to-Tangible-Book is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Also Holding AG's current Price-to-Tangible-Book is 2.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Also Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Also Holding AG (XSWX:ALSN) is currently considered Significantly Undervalued. The stock's GF Value™ is CHF328.87, compared to a current price of CHF190.80 — trading 42% below its estimated fair value. The current Price-to-Tangible-Book is 2.17 and 14.6% below the Hardware industry median of 2.54. Also Holding AG's overall GF Score™ is 58/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Also Holding AG (XSWX:ALSN), the current Price-to-Tangible-Book is 2.17 as of Sep. 10, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Also Holding AG (XSWX:ALSN) Overvalued in 2026?
Based on GuruFocus' analysis, Also Holding AG stock appears to be undervalued.
The current stock price of CHF190.80 is trading 42% below its estimated GF Value™ of CHF328.87.
GuruFocus considers Also Holding AG to be Significantly Undervalued.
Key valuation signals for XSWX:ALSN:
Price-to-Tangible-Book: 2.17
GF Value™: CHF328.87 vs. price of CHF190.80 (42% below fair value)
Industry Position: 14.6% below the Hardware median (#1006 of 2307)
No single metric tells the full story. See the XSWX:ALSN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Also Holding AG is an information and communications technology distribution company. It distributes a wide portfolio of hardware, software, and digital products of various technology brands. The industries it caters to include information technology, data centers, consumer electronics, and telecommunications. It also connects service providers of cloud solutions with their customers and aids the provision of financial, logistics, and IT services. The company's operating segments are: Central Europe, which generates the maximum revenue, and Northern/Eastern Europe. Geographically, it derives maximum revenue from the United Kingdom, followed by Germany, Poland, Switzerland, and other markets.
58GF Score
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Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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