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GuruFocus has detected 3 Warning Signs with Lloyds Banking Group PLC \$LYG.
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Lloyds Banking Group PLC (NYSE:LYG)
Book Value Per Share
\$360.84 (As of Sep. 2016)

Lloyds Banking Group PLC's book value per share for the quarter that ended in Sep. 2016 was \$360.84.

During the past 12 months, Lloyds Banking Group PLC's average Book Value Per Share Growth Rate was 9995.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 3.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -12.90% 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 Lloyds Banking Group PLC was 12.10% per year. The lowest was -32.20% per year. And the median was -3.60% per year.

Lloyds Banking Group PLC's current price is \$3.24. Its book value per share for the quarter that ended in Sep. 2016 was \$360.84. Hence, today's P/B Ratio of Lloyds Banking Group PLC is 0.01.

During the past 13 years, the highest P/B Ratio of Lloyds Banking Group PLC was 2.04. The lowest was 0.01. And the median was 1.06.

Good Sign:

Lloyds Banking Group PLC stock P/B Ratio (=0.01) is close to 10-year low of 0.01

Definition

Lloyds Banking Group PLC's Book Value Per Share for the fiscal year that ended in Dec. 2015 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Shares Outstanding (EOP) = (69,744 - 0) / 17,864 = 3.90

Lloyds Banking Group PLC's Book Value Per Share for the quarter that ended in Sep. 2016 is calculated as:

 Book Value Per Share = (Total Equity - Preferred Stock) / Shares Outstanding (EOP) = (63,636 - 0) / 176 = 360.84

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total 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.

Explanation

Usually a companys book value and Tangible Book Value 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.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Lloyds Banking Group PLC Annual Data

 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Book Value Per Share 15.16 16.91 9.12 4.41 4.08 4.12 3.84 3.58 4.27 3.90

Lloyds Banking Group PLC Quarterly Data

 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Book Value Per Share 4.26 4.25 4.27 4.13 4.09 4.17 3.90 3.88 3.83 360.84
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