Alternus Clean Energy (Alternus Clean Energy) Price-to-Tangible-Book : (As of May. 24, 2024)

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What is Alternus Clean Energy Price-to-Tangible-Book?

As of today (2024-05-24), Alternus Clean Energy's share price is $0.393. Alternus Clean Energy's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $-0.88. Hence, Alternus Clean Energy's Price to Tangible Book Ratio of today is .

The historical rank and industry rank for Alternus Clean Energy's Price-to-Tangible-Book or its related term are showing as below:

ALCE's Price-to-Tangible-Book is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 1.47
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Alternus Clean Energy's share price is $0.393. Alternus Clean Energy's Book Value per Sharefor the quarter that ended in Dec. 2023 was $-0.88. Hence, Alternus Clean Energy's P/B Ratio of today is .

Alternus Clean Energy Price-to-Tangible-Book Historical Data

The historical data trend for Alternus Clean Energy'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.

* Premium members only.

Alternus Clean Energy Price-to-Tangible-Book Chart

Alternus Clean Energy Annual Data

Trend

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Alternus Clean Energy Semi-Annual Data
	Dec21	Dec22	Dec23
Price-to-Tangible-Book	-	-	-

Competitive Comparison of Alternus Clean Energy's Price-to-Tangible-Book

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

Alternus Clean Energy's Price-to-Tangible-Book Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Alternus Clean Energy's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Alternus Clean Energy's Price-to-Tangible-Book falls into.

Alternus Clean Energy Price-to-Tangible-Book Calculation

Alternus Clean Energy's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.393	/	-0.88
	=

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

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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.

Be Aware

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.

Alternus Clean Energy Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Alternus Clean Energy's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Alternus Clean Energy (Alternus Clean Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alternus Clean Energy Inc (NAS:ALCE) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

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

Website

https://www.alternusenergy.com

Alternus Clean Energy Inc is an international independent clean energy producer. It develops, installs, owns and operates a diverse portfolio of utility-scale solar photovoltaic power stations (PV parks) in Europe and in the USA as a long-term owner. The solar parks benefit from long-term government offtake contracts and/or Power Purchase Agreements (PPAs) with investment grade off-takers, plus energy sales to local power grids.

Alternus Clean Energy (Alternus Clean Energy) Headlines

From GuruFocus

Alternus Clean Energy, Inc. Announces Closing of $2.16 Million Private Placement of Convertible Notes and Warrants

By Marketwired • 04-22-2024