Tianqi Lithium (HKSE:09696) Price-to-Tangible-Book : 0.84 (As of May. 26, 2024)

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

As of today (2024-05-26), Tianqi Lithium's share price is HK$29.45. Tianqi Lithium's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$35.08. Hence, Tianqi Lithium's Price to Tangible Book Ratio of today is 0.84.

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

HKSE:09696' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.83 Med: 1.44 Max: 1.65
Current: 0.84

During the past 5 years, Tianqi Lithium's highest Price to Tangible Book Ratio was 1.65. The lowest was 0.83. And the median was 1.44.

HKSE:09696's Price-to-Tangible-Book is ranked better than
68.44% of 2221 companies
in the Metals & Mining industry
Industry Median: 1.38 vs HKSE:09696: 0.84

A closely related ratio is called PB Ratio. As of today, Tianqi Lithium's share price is HK$29.45. Tianqi Lithium's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$35.46. Hence, Tianqi Lithium's P/B Ratio of today is 0.83.

Tianqi Lithium Price-to-Tangible-Book Historical Data

The historical data trend for Tianqi Lithium'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.

Tianqi Lithium Price-to-Tangible-Book Chart

Tianqi Lithium Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.65

1.23

Tianqi Lithium Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial								1.65	1.56	1.40	1.23	-

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

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

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

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

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

Tianqi Lithium Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	29.45	/	35.08
	=	0.84

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.

Tianqi Lithium Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Tianqi Lithium's Price-to-Tangible-Book 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 » Price-to-Tangible-Book

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.

Executives

Pacific Asset Management Co., Ltd.	2501 Other
Jiang Jinzhi	2201 Interest of corporation controlled by you
Morgan Stanley	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.
Huatai Securities Co., Ltd.
China International Capital Corporation Limited	2201 Interest of corporation controlled by you
Morgan Stanley Asia Holdings Limited	2201 Interest of corporation controlled by you
Jin Shan Xiang Gang Guo Ji Kuang Ye You Xian Gong Si	2101 Beneficial owner
Zi Jin Kuang Ye Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Hwabao Trust Co., Ltd	2301 Trustee
China International Capital Corporation Hong Kong Securities Limited	2105 Underwriter
China International Capital Corporation (international) Limited	2201 Interest of corporation controlled by you
Morgan Stanley Hong Kong 1238 Limited	2201 Interest of corporation controlled by you
Morgan Stanley Asia Limited	2105 Underwriter
Lg Chem, Ltd.	2101 Beneficial owner

Tianqi Lithium (HKSE:09696) Headlines

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