Lamar Advertising Co (Lamar Advertising Co) Book Value per Share

: $11.92 (As of Dec. 2023)

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Lamar Advertising Co's book value per share for the quarter that ended in Dec. 2023 was $11.92.

During the past 12 months, Lamar Advertising Co's average Book Value Per Share Growth Rate was 1.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 0.70% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 1.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Lamar Advertising Co was 253.70% per year. The lowest was -17.80% per year. And the median was 2.00% per year.

Lamar Advertising Co's current price is $111.28. Its book value per share for the quarter that ended in Dec. 2023 was $11.92. Hence, today's PB Ratio of Lamar Advertising Co is 9.34.

During the past 13 years, the highest P/B Ratio of Lamar Advertising Co was 10.09. The lowest was 3.37. And the median was 6.60.

Warning Sign:

Lamar Advertising Co stock PB Ratio (=9.33) is close to 10-year high of 10.09

Lamar Advertising Co Book Value per Share Historical Data

The historical data trend for Lamar Advertising Co's Book Value per Share 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.

Lamar Advertising Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Book Value per Share

11.74

11.92

12.02

11.75

11.92

Lamar Advertising Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Book Value per Share																11.75	11.39	11.48	11.64	11.92

Competitive Comparison

For the REIT - Specialty subindustry, Lamar Advertising Co's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Lamar Advertising Co PB Ratio Distribution

For the REITs industry and Real Estate sector, Lamar Advertising Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Lamar Advertising Co's PB Ratio falls into.

Lamar Advertising Co Book Value per Share Calculation

Lamar Advertising Co's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(1,216	-	0)	/	102
	=	11.92

Lamar Advertising Co's Book Value Per Share for the quarter that ended in Dec. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(1,216	-	0)	/	102
	=	11.92

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Lamar Advertising Co (NAS:LAMR) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Lamar Advertising Co Book Value per Share Related Terms

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Lamar Advertising Co (Lamar Advertising Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Lamar Advertising Co (NAS:LAMR) » Definitions » Book Value per Share

Comparable Companies

Traded in Other Exchanges

6LA:Germany

Address

5321 Corporate Boulevard, Baton Rouge, LA, USA, 70808

Website

https://www.lamar.com

Lamar Advertising Co is an outdoor advertising company organized as a real estate investment trust for U.S. federal income tax purposes. Lamar's core revenue-generating activity is leasing space for advertising on billboards, buses, shelters, benches, logo plates, and airport terminals through short-term agreements. The company is involved in this process from ad copy production to the placement and maintenance of physical advertisements. The vast majority of Lamar's revenue comes from renting ad space on its portfolio of static and digital roadside billboard displays in the U.S. The states of Pennsylvania and Texas house a proportion of these. The company's customers are restaurant, service, healthcare, and retail firms in terms of total revenue.

Executives

Jay Lecoryelle Johnson	officer: CFO, Treasurer, EVP	C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814
Nancy Fletcher	director	5321 CORPORATE BOULEVARD, BATON ROUGE LA 70808
Thomas V Reifenheiser	director	C/O LAMAR CORP, 5551 CORPORATE BLVD, BATON ROUGE LA 70808
Wendell Reilly	director	C/O BERMAN CAPITAL ADVISORS, 3475 LENOX RD. STE. 760, ATLANTA GA 30326
Koerner John E Iii	director	200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Anna Reilly	director	C/O LAMAR ADVERTISING COMPANY, 5321 CORPORATE BLVD, BATON ROUGE LA 70808
Stephen P Mumblow	director	790 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Elizabeth Mary Thompson	director	5321 CORPORATE BOULEVARD, BATON ROUGE LA 70808
Keith A Istre	officer: Chief Financial Officer	C/O LAMAR CORP, 5321 CORPORATE BLVD, BATON ROUGE LA 70808
Sean E Reilly	officer: Chief Operating Officer	5321 CORPORATE BLVD, BATON ROUGE LA 70808
Marshall A Loeb	director	C/O EASTGROUP PROPERTIES, INC., 190 EAST CAPITOL STREET, JACKSON MS 39201
John Maxwell Hamilton	director	C/O LAMAR CORP, 5551 CORPORATE BLVD, BATON ROUGE LA 70808
Reilly Kevin P Jr	director, officer: President and CEO	C/O LAMAR CORP, 5321 CORPORATE BLVD, BATON ROUGE LA 70808
Spo Advisory Corp	10 percent owner	PO BOX 2722, C/O SPO PARTNERS & CO, SAN ANSELMO CA 94979
Abrams Capital Management, L.p.	10 percent owner	222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116