GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legal & General Group PLC (OTCPK:LGGNF) » Definitions » Price-to-Tangible-Book

Legal & General Group (Legal & General Group) Price-to-Tangible-Book : 3.28 (As of May. 04, 2024)


View and export this data going back to 2009. Start your Free Trial

What is Legal & General Group Price-to-Tangible-Book?

As of today (2024-05-04), Legal & General Group's share price is $2.972. Legal & General Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.91. Hence, Legal & General Group's Price to Tangible Book Ratio of today is 3.28.

The historical rank and industry rank for Legal & General Group's Price-to-Tangible-Book or its related term are showing as below:

LGGNF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.65   Med: 2.42   Max: 3.54
Current: 3.37

During the past 13 years, Legal & General Group's highest Price to Tangible Book Ratio was 3.54. The lowest was 1.65. And the median was 2.42.

LGGNF's Price-to-Tangible-Book is ranked worse than
90.77% of 1625 companies
in the Asset Management industry
Industry Median: 0.95 vs LGGNF: 3.37

A closely related ratio is called PB Ratio. As of today, Legal & General Group's share price is $2.972. Legal & General Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was $1.02. Hence, Legal & General Group's P/B Ratio of today is 2.91.

Legal & General Group Price-to-Tangible-Book Historical Data

The historical data trend for Legal & General Group'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.

Legal & General Group Price-to-Tangible-Book Chart

Legal & General Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.07 1.71 3.66 2.89 3.46

Legal & General Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.66 1.26 2.89 3.12 3.46

Competitive Comparison of Legal & General Group's Price-to-Tangible-Book

For the Asset Management subindustry, Legal & General Group'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.

Legal & General Group's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Legal & General Group's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Legal & General Group's Price-to-Tangible-Book falls into.


Legal & General Group Price-to-Tangible-Book Calculation

Legal & General Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=2.972/0.905
=3.28

* 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.

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.

Legal & General Group Price-to-Tangible-Book Related Terms

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

Legal & General Group (Legal & General Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legal & General Group PLC (OTCPK:LGGNF) » Definitions » Price-to-Tangible-Book
Comparable Companies
LSE:SMT LSE:ICG LSE:SDR LSE:FCIT LSE:MNG LSE:HL. LSE:PCT LSE:ATST LSE:UKW LSE:3IN BLK BX KKR OSTO:INVE A APO TSX:BN BK AMP LSE:III XSWX:PGHN
Traded in Other Exchanges
LGGNY:USA LGENl:UK LGEN:UK LGI:Germany
Address
One Coleman Street, London, GBR, EC2R 5AA
Website
https://www.legalandgeneralgroup.com
Legal & General Group PLC operates across four broad business areas of retirement, investment management, capital investment, and insurance. The retirement business provides provide guaranteed retirement income for corporate pension scheme members. Investment Management business provides investment management services for both individuals and corporations, including managing pension funds. Capital investment use customers' pension assets, as well as the group's shareholder capital, to make long-term investments in assets such as clean energy, housing, and SME finance. The Insurance business provides various types of insurance, including life and disability insurance. The company has a global presence but most of its assets under management are derived from the United Kingdom and Europe.