Lygend Resources & Technology Co (HKSE:02245) PB Ratio : 1.12 (As of May. 21, 2024)

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What is Lygend Resources & Technology Co PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-21), Lygend Resources & Technology Co's share price is HK$7.20. Lygend Resources & Technology Co's Book Value per Share for the quarter that ended in Dec. 2023 was HK$6.46. Hence, Lygend Resources & Technology Co's PB Ratio of today is 1.12.

The historical rank and industry rank for Lygend Resources & Technology Co's PB Ratio or its related term are showing as below:

HKSE:02245' s PB Ratio Range Over the Past 10 Years
Min: 0.79 Med: 1.6 Max: 6.62
Current: 1.11

During the past 5 years, Lygend Resources & Technology Co's highest PB Ratio was 6.62. The lowest was 0.79. And the median was 1.60.

HKSE:02245's PB Ratio is ranked better than
60.43% of 2378 companies
in the Metals & Mining industry
Industry Median: 1.44 vs HKSE:02245: 1.11

During the past 12 months, Lygend Resources & Technology Co's average Book Value Per Share Growth Rate was 6.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 82.50% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Lygend Resources & Technology Co was 95.00% per year. The lowest was 82.50% per year. And the median was 88.75% per year.

Back to Basics: PB Ratio

Lygend Resources & Technology Co PB Ratio Historical Data

The historical data trend for Lygend Resources & Technology Co's PB Ratio 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.

Lygend Resources & Technology Co PB Ratio Chart

Lygend Resources & Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

2.70

0.95

Lygend Resources & Technology Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial			-	-	2.70	1.81	0.95

Competitive Comparison of Lygend Resources & Technology Co's PB Ratio

For the Other Industrial Metals & Mining subindustry, Lygend Resources & Technology 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.

Lygend Resources & Technology Co's PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lygend Resources & Technology Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Lygend Resources & Technology Co's PB Ratio falls into.

Lygend Resources & Technology Co PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Lygend Resources & Technology Co's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	7.20	/	6.457
	=	1.12

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Lygend Resources & Technology Co (HKSE:02245) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Lygend Resources & Technology Co PB Ratio Related Terms

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Lygend Resources & Technology Co (HKSE:02245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lygend Resources & Technology Co Ltd (HKSE:02245) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 299 Guanghua Road, 10th-11th Floor, Building C10, R&D Park, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315000

Website

https://www.lygend.com

Lygend Resources & Technology Co Ltd is engaged in both the trading and the production of nickel products. The company has a comprehensive product and service portfolio covering multiple areas across the nickel industry value chain, from upstream sourcing of nickel resources, trading and production of nickel products, to equipment manufacturing and sale. Its products are widely used in various downstream sectors including the NEV and stainless steel industries. It derives a majority of its revenue from Mainland China.

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