Lightning Minerals (ASX:L1M) Price-to-Tangible-Book : 0.66 (As of May. 25, 2024)

View and export this data going back to 2022. Start your Free Trial

What is Lightning Minerals Price-to-Tangible-Book?

As of today (2024-05-25), Lightning Minerals's share price is A$0.08. Lightning Minerals's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.12. Hence, Lightning Minerals's Price to Tangible Book Ratio of today is 0.66.

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

ASX:L1M' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.65 Med: 1.16 Max: 1.19
Current: 0.67

During the past 1 years, Lightning Minerals's highest Price to Tangible Book Ratio was 1.19. The lowest was 0.65. And the median was 1.16.

ASX:L1M's Price-to-Tangible-Book is ranked better than
76.36% of 2221 companies
in the Metals & Mining industry
Industry Median: 1.38 vs ASX:L1M: 0.67

A closely related ratio is called PB Ratio. As of today, Lightning Minerals's share price is A$0.08. Lightning Minerals's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.12. Hence, Lightning Minerals's P/B Ratio of today is 0.66.

Lightning Minerals Price-to-Tangible-Book Historical Data

The historical data trend for Lightning Minerals'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.

Lightning Minerals Price-to-Tangible-Book Chart

Lightning Minerals Annual Data

Trend

Jun23

Price-to-Tangible-Book

1.19

Lightning Minerals Semi-Annual Data
	Dec22	Jun23	Dec23
Price-to-Tangible-Book	1.16	1.19	1.15

Competitive Comparison of Lightning Minerals's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Lightning Minerals'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.

Lightning Minerals's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lightning Minerals's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Lightning Minerals's Price-to-Tangible-Book falls into.

Lightning Minerals Price-to-Tangible-Book Calculation

Lightning Minerals's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.08	/	0.122
	=	0.66

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.

Lightning Minerals Price-to-Tangible-Book Related Terms

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

Lightning Minerals (ASX:L1M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lightning Minerals Ltd (ASX:L1M) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 Little Collins Street,, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.lightningminerals.com.au

Lightning Minerals Ltd is a mining exploration company. Its exploration is focused on battery minerals such as Lithium, Nickel, Cobalt, Copper, and PGEs. It holds interest in Dundas Project; Mailman Hill Project; Mount Jewell Project; and Mt Bartle Project. Lightning Minerals sees a growing demand for Lithium, Nickel, Cobalt, Copper, and PGEs. Exploration is focused on fulfilling this critical minerals deficit.

Lightning Minerals (ASX:L1M) Headlines

No Headlines