Lizhong Sitong Light Alloys Group Co (SZSE:300428) Price-to-Tangible-Book : 2.01 (As of May. 16, 2024)

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What is Lizhong Sitong Light Alloys Group Co Price-to-Tangible-Book?

As of today (2024-05-16), Lizhong Sitong Light Alloys Group Co's share price is ¥19.82. Lizhong Sitong Light Alloys Group Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥9.86. Hence, Lizhong Sitong Light Alloys Group Co's Price to Tangible Book Ratio of today is 2.01.

The historical rank and industry rank for Lizhong Sitong Light Alloys Group Co's Price-to-Tangible-Book or its related term are showing as below:

SZSE:300428' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.27 Med: 3.03 Max: 12.01
Current: 2.01

During the past 13 years, Lizhong Sitong Light Alloys Group Co's highest Price to Tangible Book Ratio was 12.01. The lowest was 1.27. And the median was 3.03.

SZSE:300428's Price-to-Tangible-Book is ranked worse than
65.08% of 2228 companies
in the Metals & Mining industry
Industry Median: 1.35 vs SZSE:300428: 2.01

A closely related ratio is called PB Ratio. As of today, Lizhong Sitong Light Alloys Group Co's share price is ¥19.82. Lizhong Sitong Light Alloys Group Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥11.03. Hence, Lizhong Sitong Light Alloys Group Co's P/B Ratio of today is 1.80.

Lizhong Sitong Light Alloys Group Co Price-to-Tangible-Book Historical Data

The historical data trend for Lizhong Sitong Light Alloys Group Co'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.

Lizhong Sitong Light Alloys Group Co Price-to-Tangible-Book Chart

Lizhong Sitong Light Alloys Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.88

2.31

3.64

3.00

2.23

Lizhong Sitong Light Alloys Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															3.18	2.66	2.47	2.23	1.74

Competitive Comparison of Lizhong Sitong Light Alloys Group Co's Price-to-Tangible-Book

For the Aluminum subindustry, Lizhong Sitong Light Alloys Group Co'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.

Lizhong Sitong Light Alloys Group Co's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lizhong Sitong Light Alloys Group Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Lizhong Sitong Light Alloys Group Co's Price-to-Tangible-Book falls into.

Lizhong Sitong Light Alloys Group Co Price-to-Tangible-Book Calculation

Lizhong Sitong Light Alloys Group Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	19.82	/	9.859
	=	2.01

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.

Lizhong Sitong Light Alloys Group Co Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Lizhong Sitong Light Alloys Group Co's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Lizhong Sitong Light Alloys Group Co (SZSE:300428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lizhong Sitong Light Alloys Group Co Ltd (SZSE:300428) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

No. 359, West Development Road, Qingyuan District, Baoding, CHN, 071100

Website

http://www.stnm.com.cn

Lizhong Sitong Light Alloys Group Co Ltd formerly Hebei Sitong New Metal Material Co Ltd is specialized in Research and Development, manufacturing and sales of functional intermediate alloys such as metal grain refinement, metallographic deterioration, element addition and metal purification. Its products include Aluminum base alloy, Magnesium based master alloy, Zinc-based intermediate alloy and Copper base alloy. Its main objective is to research and manufacture aluminum-based steel and aluminum-based copper materials, to promote the light weight of automobiles, rail transit, aerospace materials and the performance of electrical and electronic products.

Lizhong Sitong Light Alloys Group Co (SZSE:300428) Headlines

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