Tianqi Lithium Industries (SZSE:002466) Price-to-Tangible-Book

: 1.63 (As of Today)

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As of today (2024-04-19), Tianqi Lithium Industries's share price is ¥47.04. Tianqi Lithium Industries's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was ¥28.80. Hence, Tianqi Lithium Industries's Price to Tangible Book Ratio of today is 1.63.

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

SZSE:002466' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.63 Med: 12.99 Max: 58.6
Current: 1.63

During the past 13 years, Tianqi Lithium Industries's highest Price to Tangible Book Ratio was 58.60. The lowest was 1.63. And the median was 12.99.

SZSE:002466's Price-to-Tangible-Book is ranked better than
52.35% of 1490 companies
in the Chemicals industry
Industry Median: 1.74 vs SZSE:002466: 1.63

A closely related ratio is called PB Ratio. As of today, Tianqi Lithium Industries's share price is ¥47.04. Tianqi Lithium Industries's Book Value per Sharefor the quarter that ended in Dec. 2023 was ¥31.39. Hence, Tianqi Lithium Industries's P/B Ratio of today is 1.50.

Tianqi Lithium Industries Price-to-Tangible-Book Historical Data

The historical data trend for Tianqi Lithium Industries'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.

Tianqi Lithium Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

12.99

38.35

17.09

2.91

1.94

Tianqi Lithium Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book																2.91	2.54	2.46	1.88	1.94

Competitive Comparison

For the Specialty Chemicals subindustry, Tianqi Lithium Industries'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.

Tianqi Lithium Industries Price-to-Tangible-Book Distribution

For the Chemicals industry and Basic Materials sector, Tianqi Lithium Industries's Price-to-Tangible-Book distribution charts can be found below:

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

Tianqi Lithium Industries Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	47.04	/	28.798
	=	1.63

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.

Tianqi Lithium Industries Price-to-Tangible-Book Related Terms

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

Tianqi Lithium Industries (SZSE:002466) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tianqi Lithium Industries Inc (SZSE:002466) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.10 East Gaopeng Road, Hi-Tech Development Zone, Sichuan Province, Chengdu, CHN, 629200

Website

http://www.tianqilithium.com

Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.

Tianqi Lithium Industries (SZSE:002466) Headlines

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