Tianqi Lithium (HKSE:09696) PB Ratio : 0.90 (As of May. 13, 2024)

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What is Tianqi Lithium PB Ratio?

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 (2024-05-13), Tianqi Lithium's share price is HK$32.05. Tianqi Lithium's Book Value per Share for the quarter that ended in Dec. 2023 was HK$35.46. Hence, Tianqi Lithium's PB Ratio of today is 0.90.

The historical rank and industry rank for Tianqi Lithium's PB Ratio or its related term are showing as below:

HKSE:09696' s PB Ratio Range Over the Past 10 Years
Min: 0.83 Med: 1.37 Max: 4.81
Current: 0.9

During the past 5 years, Tianqi Lithium's highest PB Ratio was 4.81. The lowest was 0.83. And the median was 1.37.

HKSE:09696's PB Ratio is ranked better than
65.5% of 2391 companies
in the Metals & Mining industry
Industry Median: 1.42 vs HKSE:09696: 0.90

During the past 12 months, Tianqi Lithium's average Book Value Per Share Growth Rate was 3.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 111.30% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Tianqi Lithium was 111.30% per year. The lowest was 93.40% per year. And the median was 102.35% per year.

Back to Basics: PB Ratio

Tianqi Lithium PB Ratio Historical Data

The historical data trend for Tianqi Lithium'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.

* Premium members only.

Tianqi Lithium PB Ratio Chart

Tianqi Lithium Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

1.64

1.22

Tianqi Lithium Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
PB Ratio	Get a 7-Day Free Trial								1.64	1.55	1.28	1.22	-

Competitive Comparison of Tianqi Lithium's PB Ratio

For the Other Industrial Metals & Mining subindustry, Tianqi Lithium'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.

Tianqi Lithium's PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tianqi Lithium's PB Ratio distribution charts can be found below:

* The bar in red indicates where Tianqi Lithium's PB Ratio falls into.

Tianqi Lithium PB Ratio Calculation

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.

Tianqi Lithium's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	32.05	/	35.461
	=	0.90

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

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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.

Tianqi Lithium (HKSE:09696) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.

Tianqi Lithium PB Ratio Related Terms

Thank you for viewing the detailed overview of Tianqi Lithium's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Tianqi Lithium (HKSE:09696) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tianqi Lithium Corp (HKSE:09696) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

2220:Germany

Address

No. 10 East Gaopeng Road, Building 1, Hi-Tech Zone, Sichuan, Chengdu, CHN

Website

http://www.tianqilithium.com

Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.

Tianqi Lithium (HKSE:09696) Headlines

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