Lithium Energy (ASX:LEL) Price-to-Tangible-Book : 1.32 (As of May. 25, 2024)

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What is Lithium Energy Price-to-Tangible-Book?

As of today (2024-05-25), Lithium Energy's share price is A$0.42. Lithium Energy's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.32. Hence, Lithium Energy's Price to Tangible Book Ratio of today is 1.32.

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

ASX:LEL' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.28 Med: 2.68 Max: 5.08
Current: 1.31

During the past 3 years, Lithium Energy's highest Price to Tangible Book Ratio was 5.08. The lowest was 1.28. And the median was 2.68.

ASX:LEL's Price-to-Tangible-Book is ranked better than
51.6% of 2221 companies
in the Metals & Mining industry
Industry Median: 1.38 vs ASX:LEL: 1.31

A closely related ratio is called PB Ratio. As of today, Lithium Energy's share price is A$0.42. Lithium Energy's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.32. Hence, Lithium Energy's P/B Ratio of today is 1.32.

Lithium Energy Price-to-Tangible-Book Historical Data

The historical data trend for Lithium Energy'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.

Lithium Energy Price-to-Tangible-Book Chart

Lithium Energy Annual Data

Trend

Jun21

Jun22

Jun23

Price-to-Tangible-Book

1.97

3.64

2.74

Lithium Energy Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial			5.08	3.64	2.62	2.74	1.80

Competitive Comparison of Lithium Energy's Price-to-Tangible-Book

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

Lithium Energy's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

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

Lithium Energy Price-to-Tangible-Book Calculation

Lithium Energy's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.42	/	0.319
	=	1.32

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.

Lithium Energy Price-to-Tangible-Book Related Terms

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

Lithium Energy (ASX:LEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Energy Ltd (ASX:LEL) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

680 Murray Street, Suite 1, Level 1, West Perth, WA, AUS, 6005

Website

https://www.lithiumenergy.com.au

Lithium Energy Ltd is a battery minerals company with two exploration and development projects, the Solaroz Lithium Project in Argentina, which comprises 12,000 hectares of prospective lithium mineral concessions, and the Burke Graphite Project in Queensland, which contains a high-grade graphite deposit and presents an opportunity to participate in the anticipated growth in demand for graphite and graphite related products. The company derives the majority of its revenue from Argentina.

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