LG Energy Solution (XKRX:373220) Price-to-Tangible-Book : 4.66 (As of Apr. 24, 2024)

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What is LG Energy Solution Price-to-Tangible-Book?

As of today (2024-04-24), LG Energy Solution's share price is ₩385000.00. LG Energy Solution's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was ₩82,583.97. Hence, LG Energy Solution's Price to Tangible Book Ratio of today is 4.66.

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

XKRX:373220' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4.44 Med: 5.41 Max: 5.63
Current: 4.66

During the past 4 years, LG Energy Solution's highest Price to Tangible Book Ratio was 5.63. The lowest was 4.44. And the median was 5.41.

XKRX:373220's Price-to-Tangible-Book is ranked worse than
79.66% of 2822 companies
in the Industrial Products industry
Industry Median: 2.07 vs XKRX:373220: 4.66

A closely related ratio is called PB Ratio. As of today, LG Energy Solution's share price is ₩385000.00. LG Energy Solution's Book Value per Sharefor the quarter that ended in Dec. 2023 was ₩86,327.53. Hence, LG Energy Solution's P/B Ratio of today is 4.46.

LG Energy Solution Price-to-Tangible-Book Historical Data

The historical data trend for LG Energy Solution'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.

LG Energy Solution Price-to-Tangible-Book Chart

LG Energy Solution Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

5.63

5.18

LG Energy Solution Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial							5.63	7.21	6.69	5.65	5.18

Competitive Comparison of LG Energy Solution's Price-to-Tangible-Book

For the Specialty Industrial Machinery subindustry, LG Energy Solution'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.

LG Energy Solution's Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, LG Energy Solution's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where LG Energy Solution's Price-to-Tangible-Book falls into.

LG Energy Solution Price-to-Tangible-Book Calculation

LG Energy Solution's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	385000.00	/	82583.966
	=	4.66

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.

LG Energy Solution Price-to-Tangible-Book Related Terms

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

LG Energy Solution (XKRX:373220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LG Energy Solution Ltd (XKRX:373220) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yeongdeungpo-gu, Yeoui-daero, Seoul, KOR

Website

https://www.lgensol.com

LG Energy Solution, or LGES, is the third-largest battery maker for electric vehicles, or EVs, with about 14% global share in the first half of 2023, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for close to 60% of total revenue in 2022. Besides EV batteries, LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem's battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland and the United States. Key customers include General Motors, Tesla, Volkswagen, Hyundai Motors and Stellantis.

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