Altair Engineering (ALTR)

P/B ratio as of July 2024 : 9.58

According to Altair Engineering 's latest financial reports the company has a price-to-book ratio of 9.58.
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.

Altair Engineering - P/B ratio (from 2017 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	9.66	51.04%
2022-12-31	6.40	-35.58%
2021-12-31	9.93	-12.1%
2020-12-31	11.3	55.13%
2019-12-31	7.28	10.83%
2018-12-31	6.57	-72.52%
2017-12-31	23.9
2016-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	differencediff.	Country
Texas Instruments TXN	10.9	13.83%	🇺🇸 USA
Intel INTC	1.21	-87.40%	🇺🇸 USA
Quicklogic QUIK	7.15	-25.33%	🇺🇸 USA
IBM IBM	7.54	-21.23%	🇺🇸 USA
Lattice Semiconductor LSCC	11.1	15.71%	🇺🇸 USA

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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Altair Engineering (ALTR) - P/B ratio