Atlas ArteriaASX:ALX 75 PB Ratio is 2.38 as of Jun. 24, 2026, which is 14% above its 10-year median of 2.09. GuruFocus rates ASX:ALX with a GF Score™ of 75/100 and a GF Value™ of A$5.86 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,722 Construction companies, Atlas Arteria ranks worse than 70.21% on this metric.
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 (2026-06-24), Atlas Arteria's share price is A$5.10. Atlas Arteria's Book Value per Share for the quarter that ended in Dec. 2025 was A$2.14. Hence, Atlas Arteria's PB Ratio of today is 2.38.
Warning Sign:
Atlas Arteria Ltd stock PB Ratio (=2.38) is close to 5-year high of 2.51.
The historical rank and industry rank for Atlas Arteria's PB Ratio or its related term are showing as below:
ASX:ALX'
s PB Ratio Range Over the Past 10 Years
Min: 1.2 Med: 2.09 Max: 3.57
Current: 2.38
During the past 13 years, Atlas Arteria's highest PB Ratio was 3.57. The lowest was 1.20. And the median was 2.09.
ASX:ALX's PB Ratio is ranked worse than 70.21% of 1722
companies
in the Construction industry
Industry Median: 1.31
vs ASX:ALX: 2.38
During the past 12 months, Atlas Arteria's average Book Value Per Share Growth Rate was -7.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -21.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -11.50% 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 Atlas Arteria was 27.20% per year. The lowest was -21.80% per year. And the median was 5.90% per year.
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.
Atlas Arteria PB Ratio Related Terms
Atlas Arteria PB Ratio Historical Data
* Premium members only.
The historical data trend for Atlas Arteria'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.
For the Infrastructure Operations subindustry, Atlas Arteria'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.
Atlas Arteria PB Ratio vs Construction Industry
For the Construction industry and Industrials sector, Atlas Arteria's PB Ratio distribution charts can be found below:
* The bar in red indicates where Atlas Arteria's PB Ratio falls into.
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.
Atlas Arteria's PB Ratio for today is calculated as follows:
* 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.
Atlas Arteria (ASX:ALX) has a PB Ratio of 2.38 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Atlas Arteria and its competitors. This is 14% above median its historical median of 2.09. Over the past decade, Atlas Arteria's PB Ratio has ranged from 1.20 to 3.57. According to the industry distribution chart, Atlas Arteria ranks #1209 out of 1722 companies in the Construction industry, placing it in the top 70.2%.
Is Atlas Arteria's PB Ratio too high?
Atlas Arteria's current PB Ratio of 2.38 is 14% above median its 10-year median of 2.09. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 3.57. The Construction industry median PB Ratio is 1.31. Atlas Arteria's value of 2.38 is 81.7% above this industry median. Based on the distribution chart, Atlas Arteria ranks #1209 out of 1722 companies in the Construction industry, which is below the industry midpoint. Overall, Atlas Arteria has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Atlas Arteria's PB Ratio compare to competitors?
According to the Construction industry distribution chart, Atlas Arteria ranks #1209 out of 1722 companies for PB Ratio. This places Atlas Arteria in the lower half of its industry. The industry median PB Ratio is 1.31. Atlas Arteria's value of 2.38 is 81.7% above this benchmark. Historically, Atlas Arteria's own PB Ratio has ranged from 1.20 to 3.57 over the past decade. While the company's 10-year median is 2.09 vs. the industry median of 1.31, Atlas Arteria has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Construction company?
The median PB Ratio among Construction companies is 1.31, based on 1,722 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Atlas Arteria's current PB Ratio of 2.38 is 81.7% above 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Atlas Arteria and its competitors. For the Construction industry, the median PB Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atlas Arteria's current PB Ratio is 2.38, which is 14% above median its own 10-year median of 2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlas Arteria stock overvalued right now?
Based on GuruFocus' analysis, Atlas Arteria (ASX:ALX) is currently considered Modestly Undervalued. The stock's GF Value™ is A$5.86, compared to a current price of A$5.10 — trading 13% below its estimated fair value. The current PB Ratio is 2.38, which is 14% above median its 10-year median of 2.09 and 81.7% above the Construction industry median of 1.31. Atlas Arteria's overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Atlas Arteria (ASX:ALX), the current PB Ratio is 2.38 as of Jun. 24, 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 Atlas Arteria (ASX:ALX) Overvalued in 2026?
Based on GuruFocus' analysis, Atlas Arteria stock appears to be undervalued.
The current stock price of A$5.10 is trading 13% below its estimated GF Value™ of A$5.86.
GuruFocus considers Atlas Arteria to be Modestly Undervalued.
Key valuation signals for ASX:ALX:
PB Ratio: 2.38 (14% above median its 10-year median of 2.09)
GF Value™: A$5.86 vs. price of A$5.10 (13% below fair value)
Industry Position: 81.7% above the Construction median (#1209 of 1722)
No single metric tells the full story. See the ASX:ALX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atlas Arteria is a global toll-road investor created out of the reorganization of Macquarie Infrastructure Group in 2010. The firm's main asset is a 30.82% stake in APRR. APRR owns concessions to toll more than 2,300 kilometers of motorways in eastern France, most ending by late 2035. The firm also wholly owns the Dulles Greenway and 66.67% of the Chicago Skyway, both in the US.
75GF Score
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