Lazard's book value per share for the quarter that ended in Dec. 2023 was $4.85.
During the past 12 months, Lazard's average Book Value Per Share Growth Rate was -25.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -17.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -6.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.40% 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 Lazard was 62.00% per year. The lowest was -49.00% per year. And the median was 0.85% per year.
Lazard's current price is $37.83. Its book value per share for the quarter that ended in Dec. 2023 was $4.85. Hence, today's PB Ratio of Lazard is 7.80.
During the past 13 years, the highest P/B Ratio of Lazard was 15.49. The lowest was 3.01. And the median was 5.77.
Lazard Book Value per Share Historical Data
The historical data trend for Lazard'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.
Lazard Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Book Value per Share
5.85
8.68
9.68
6.47
4.85
Lazard 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
6.47
5.21
4.14
4.13
4.85
Competitive Comparison
For the Capital Markets subindustry, Lazard'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.
Lazard PB Ratio Distribution
For the Capital Markets industry and Financial Services sector, Lazard's PB Ratio distribution charts can be found below:
* The bar in red indicates where Lazard's PB Ratio falls into.
Lazard Book Value per Share Calculation
Lazard's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
Lazard (NYSE:LAZ) 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.
Lazard Book Value per Share Related Terms
Thank you for viewing the detailed overview of Lazard's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Lazard has a storied history that can be traced back to 1848. The company's revenue is nearly equally split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company's asset management business is primarily equities (over 80% of assets under management), has an international focus, and is geared toward institutional clients. By geography, the company earns approximately 60% of revenue in the Americas, 35% in EMEA, and 5% in Asia-Pacific. Lazard has offices across more than 20 countries and over 3,000 employees.
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