Alta Equipment Group (ALTG)

P/B ratio as of September 2024 : 1.74

According to Alta Equipment Group's latest financial reports the company has a price-to-book ratio of 1.74.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Alta Equipment Group - P/B ratio (from 2019 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	2.67	-11.95%
2022-12-31	3.04	-13.64%
2021-12-31	3.52	86.08%
2020-12-31	1.89	84.36%
2019-12-31	1.03
2018-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	differencediff.	Country
MSC Industrial Direct MSM	3.36	93.40%	🇺🇸 USA
Ritchie Bros. Auctioneers RBA	2.76	58.61%	🇨🇦 Canada

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Alta Equipment Group (ALTG) - P/B ratio