Lithium Americas (Lithium Americas) Price-to-Tangible-Book : 1.83 (As of Apr. 28, 2024)

View and export this data going back to 2023. Start your Free Trial

What is Lithium Americas Price-to-Tangible-Book?

As of today (2024-04-28), Lithium Americas's share price is $4.62. Lithium Americas's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $2.52. Hence, Lithium Americas's Price to Tangible Book Ratio of today is 1.83.

The historical rank and industry rank for Lithium Americas's Price-to-Tangible-Book or its related term are showing as below:

LAC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.79 Med: 2.52 Max: 2.52
Current: 1.87

During the past 4 years, Lithium Americas's highest Price to Tangible Book Ratio was 2.52. The lowest was 1.79. And the median was 2.52.

LAC's Price-to-Tangible-Book is ranked worse than
62.13% of 2239 companies
in the Metals & Mining industry
Industry Median: 1.34 vs LAC: 1.87

A closely related ratio is called PB Ratio. As of today, Lithium Americas's share price is $4.62. Lithium Americas's Book Value per Sharefor the quarter that ended in Dec. 2023 was $2.52. Hence, Lithium Americas's P/B Ratio of today is 1.83.

Lithium Americas Price-to-Tangible-Book Historical Data

The historical data trend for Lithium Americas'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.

Lithium Americas Price-to-Tangible-Book Chart

Lithium Americas Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

2.54

Lithium Americas Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial				-	-	-	-	2.54

Competitive Comparison of Lithium Americas's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Lithium Americas'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.

Lithium Americas's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lithium Americas's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Lithium Americas's Price-to-Tangible-Book falls into.

Lithium Americas Price-to-Tangible-Book Calculation

Lithium Americas's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	4.62	/	2.519
	=	1.83

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.

Lithium Americas Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Lithium Americas's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Lithium Americas (Lithium Americas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Americas Corp (NYSE:LAC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

WUC:Germany WUC:Germany LAC:Canada

Address

900 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6C 1E5

Website

https://www.lithiumamericas.com

Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid-2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.