Altus Group Limited (AIF) - Net Assets
Based on the latest financial reports, Altus Group Limited (AIF) has net assets worth CA$401.33 Million CAD (≈ $290.32 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.06 Billion ≈ $763.49 Million USD) and total liabilities (CA$654.11 Million ≈ $473.17 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is Altus Group Limited's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$401.33 Million |
| % of Total Assets | 38.02% |
| Annual Growth Rate | 11.08% |
| 5-Year Change | -22.14% |
| 10-Year Change | 34.73% |
| Growth Volatility | 5130.73 |
Altus Group Limited - Net Assets Trend (1998–2025)
This chart illustrates how Altus Group Limited's net assets have evolved over time, based on quarterly financial data. See Altus Group Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Altus Group Limited (1998–2025)
The table below shows the annual net assets of Altus Group Limited from 1998 to 2025. For live valuation and market cap data, see market cap of Altus Group Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$458.88 Million ≈ $331.94 Million |
-25.65% |
| 2024-12-31 | CA$617.22 Million ≈ $446.49 Million |
+2.44% |
| 2023-12-31 | CA$602.54 Million ≈ $435.87 Million |
+0.44% |
| 2022-12-31 | CA$599.87 Million ≈ $433.94 Million |
+1.78% |
| 2021-12-31 | CA$589.36 Million ≈ $426.34 Million |
+53.70% |
| 2020-12-31 | CA$383.45 Million ≈ $277.38 Million |
+6.62% |
| 2019-12-31 | CA$359.65 Million ≈ $260.17 Million |
+0.34% |
| 2018-12-31 | CA$358.43 Million ≈ $259.28 Million |
-13.02% |
| 2017-12-31 | CA$412.06 Million ≈ $298.08 Million |
+20.98% |
| 2016-12-31 | CA$340.59 Million ≈ $246.38 Million |
-2.85% |
| 2015-12-31 | CA$350.60 Million ≈ $253.62 Million |
+28.37% |
| 2014-12-31 | CA$273.10 Million ≈ $197.56 Million |
+35.06% |
| 2013-12-31 | CA$202.21 Million ≈ $146.28 Million |
+62.56% |
| 2012-12-31 | CA$124.39 Million ≈ $89.98 Million |
-17.62% |
| 2011-12-31 | CA$150.99 Million ≈ $109.23 Million |
+6.06% |
| 2010-12-31 | CA$142.37 Million ≈ $102.98 Million |
-31.97% |
| 2009-12-31 | CA$209.26 Million ≈ $151.37 Million |
-7.39% |
| 2008-12-31 | CA$225.96 Million ≈ $163.46 Million |
+15.05% |
| 2007-12-31 | CA$196.41 Million ≈ $142.08 Million |
+32.34% |
| 2006-12-31 | CA$148.41 Million ≈ $107.36 Million |
+40.89% |
| 2005-12-31 | CA$105.33 Million ≈ $76.20 Million |
+6.81% |
| 2004-12-31 | CA$98.61 Million ≈ $71.33 Million |
+26682.47% |
| 2002-12-31 | CA$368.20K ≈ $266.35K |
-13.23% |
| 2001-12-31 | CA$424.32K ≈ $306.95K |
-6.19% |
| 2000-12-31 | CA$452.33K ≈ $327.21K |
-18.80% |
| 1999-12-31 | CA$557.05K ≈ $402.96K |
-97.93% |
| 1998-12-31 | CA$26.86 Million ≈ $19.43 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Altus Group Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 631.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$69.80 Million | 15.21% |
| Common Stock | CA$648.45 Million | 141.31% |
| Other Comprehensive Income | CA$41.17 Million | 8.97% |
| Total Equity | CA$458.88 Million | 100.00% |
Altus Group Limited Competitors by Market Cap
The table below lists competitors of Altus Group Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VIEL & Cie société anonyme
PA:VIL
|
$1.12 Billion |
|
SK ETERNIX CO LT
KO:475150
|
$1.12 Billion |
|
Aktis Oncology, Inc. Common stock
NASDAQ:AKTS
|
$1.12 Billion |
|
Xeris Pharmaceuticals Inc
NASDAQ:XERS
|
$1.12 Billion |
|
He Bei Cheng De LoLo Co Ltd
SHE:000848
|
$1.12 Billion |
|
WAVE LIFE SCIENCES LTD.
F:1U5
|
$1.12 Billion |
|
Procter & Gamble Health Limited
NSE:PGHL
|
$1.12 Billion |
|
Global Industrial Co
NYSE:GIC
|
$1.12 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Altus Group Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 617,220,000 to 458,876,000, a change of -158,344,000 (-25.7%).
- Net loss of 15,861,000 reduced equity.
- Dividend payments of 24,368,000 reduced retained earnings.
- Share repurchases of 189,005,000 reduced equity.
- Other comprehensive income decreased equity by 32,501,000.
- Other factors increased equity by 103,391,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-15.86 Million | -3.46% |
| Dividends Paid | CA$24.37 Million | -5.31% |
| Share Repurchases | CA$189.00 Million | -41.19% |
| Other Comprehensive Income | CA$-32.50 Million | -7.08% |
| Other Changes | CA$103.39 Million | +22.53% |
| Total Change | CA$- | -25.65% |
Book Value vs Market Value Analysis
This analysis compares Altus Group Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.15x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 53.47x to 4.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | CA$0.81 | CA$43.29 | x |
| 1999-12-31 | CA$0.41 | CA$43.29 | x |
| 2000-12-31 | CA$0.10 | CA$43.29 | x |
| 2001-12-31 | CA$0.09 | CA$43.29 | x |
| 2002-12-31 | CA$0.01 | CA$43.29 | x |
| 2004-12-31 | CA$8.22 | CA$43.29 | x |
| 2005-12-31 | CA$6.30 | CA$43.29 | x |
| 2006-12-31 | CA$7.28 | CA$43.29 | x |
| 2007-12-31 | CA$8.78 | CA$43.29 | x |
| 2008-12-31 | CA$10.10 | CA$43.29 | x |
| 2009-12-31 | CA$8.59 | CA$43.29 | x |
| 2010-12-31 | CA$7.14 | CA$43.29 | x |
| 2011-12-31 | CA$6.61 | CA$43.29 | x |
| 2012-12-31 | CA$5.16 | CA$43.29 | x |
| 2013-12-31 | CA$6.69 | CA$43.29 | x |
| 2014-12-31 | CA$8.89 | CA$43.29 | x |
| 2015-12-31 | CA$10.37 | CA$43.29 | x |
| 2016-12-31 | CA$9.09 | CA$43.29 | x |
| 2017-12-31 | CA$10.66 | CA$43.29 | x |
| 2018-12-31 | CA$9.25 | CA$43.29 | x |
| 2019-12-31 | CA$8.97 | CA$43.29 | x |
| 2020-12-31 | CA$9.30 | CA$43.29 | x |
| 2021-12-31 | CA$13.74 | CA$43.29 | x |
| 2022-12-31 | CA$13.44 | CA$43.29 | x |
| 2023-12-31 | CA$13.12 | CA$43.29 | x |
| 2024-12-31 | CA$13.20 | CA$43.29 | x |
| 2025-12-31 | CA$10.44 | CA$43.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Altus Group Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.15%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 2.72x
- Recent ROE (-3.46%) is below the historical average (0.12%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 14.82% | 5.65% | 1.10x | 2.39x | CA$1.30 Million |
| 1999 | -4.83% | -0.02% | 225.44x | 1.01x | CA$-82.63K |
| 2000 | -23.15% | 0.00% | 0.00x | 1.06x | CA$-149.96K |
| 2001 | -12.49% | 0.00% | 0.00x | 1.03x | CA$-95.44K |
| 2002 | -15.24% | 0.00% | 0.00x | 1.09x | CA$-92.95K |
| 2004 | -10.43% | -12.04% | 0.40x | 2.18x | CA$-13.44 Million |
| 2005 | 8.21% | 15.02% | 0.28x | 1.98x | CA$-1.29 Million |
| 2006 | 6.33% | 6.62% | 0.48x | 2.01x | CA$-3.69 Million |
| 2007 | 4.72% | 4.37% | 0.54x | 2.00x | CA$-7.23 Million |
| 2008 | 4.80% | 4.52% | 0.66x | 1.62x | CA$-10.24 Million |
| 2009 | 1.82% | 1.54% | 0.65x | 1.82x | CA$-15.22 Million |
| 2010 | -6.51% | -3.67% | 0.69x | 2.56x | CA$-23.51 Million |
| 2011 | -12.13% | -6.86% | 0.57x | 3.09x | CA$-33.41 Million |
| 2012 | -10.17% | -4.42% | 0.68x | 3.36x | CA$-25.09 Million |
| 2013 | 9.20% | 6.26% | 0.67x | 2.19x | CA$-1.61 Million |
| 2014 | 4.82% | 3.87% | 0.62x | 2.01x | CA$-14.14 Million |
| 2015 | 2.64% | 2.22% | 0.70x | 1.70x | CA$-25.81 Million |
| 2016 | 4.19% | 3.22% | 0.75x | 1.73x | CA$-19.79 Million |
| 2017 | 26.55% | 22.96% | 0.66x | 1.76x | CA$68.21 Million |
| 2018 | -5.14% | -3.61% | 0.78x | 1.84x | CA$-54.28 Million |
| 2019 | 5.06% | 3.46% | 0.72x | 2.04x | CA$-17.77 Million |
| 2020 | 5.59% | 3.82% | 0.76x | 1.92x | CA$-16.91 Million |
| 2021 | 4.36% | 4.11% | 0.52x | 2.03x | CA$-33.26 Million |
| 2022 | -0.15% | -0.12% | 0.58x | 2.11x | CA$-60.87 Million |
| 2023 | 1.70% | 2.01% | 0.42x | 2.02x | CA$-50.02 Million |
| 2024 | 2.17% | 2.58% | 0.42x | 2.03x | CA$-48.30 Million |
| 2025 | -3.46% | -3.15% | 0.40x | 2.72x | CA$-61.75 Million |
Industry Comparison
This section compares Altus Group Limited's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $80,267,576
- Average return on equity (ROE) among peers: 2.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Altus Group Limited (AIF) | CA$401.33 Million | 14.82% | 1.63x | $1.12 Billion |
| Bridgemarq Real Estate Services Inc (BRE) | $-7.49 Million | 0.00% | 0.00x | $91.38 Million |
| Colliers International Group Inc Bats (CIGI) | $111.29 Million | 15.65% | 2.22x | $4.53 Billion |
| FirstService Corp (FSV) | $330.20 Million | -13.58% | 2.06x | $6.39 Billion |
| Gulf & Pacific Equities Corp (GUF) | $21.86 Million | -1.67% | 1.31x | $7.74 Million |
| Halmont Properties Corporation (HMT) | $146.32 Million | 4.96% | 0.82x | $60.72 Million |
| Imperial Equities Inc. (IEI) | $66.47 Million | 11.48% | 1.26x | $29.06 Million |
| Invesque Inc (IVQ) | $-2.14 Million | 0.00% | 0.00x | $802.18 |
| Mainstreet Equity Corp. (MEQ) | $-11.13 Million | 0.00% | 0.00x | $1.14 Billion |
| Madison Pacific Properties Inc. (MPC) | $67.02 Million | 8.40% | 1.90x | $25.59 Million |
About Altus Group Limited
Altus Group Limited provides commercial real estate (CRE) intelligence in Canada, the United States, the United Kingdom, France, rest of EMEA, Australia, and rest of the Asia Pacific. It operates through Analytics; and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, VMS, data, and services. The Appraisals and Development Advisory comprise services … Read more