Elevra LithiumASX:ELV +8.58%40 PB Ratio is 2.29 as of Jun. 25, 2026, which is 340% above its 10-year median of 0.52. GuruFocus rates ASX:ELV with a GF Score™ of 40/100 and a GF Value™ of A$3.42 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,358 Metals & Mining companies, Elevra Lithium ranks worse than 50.3% on this metric.
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 (2026-06-25), Elevra Lithium's share price is A$11.52. Elevra Lithium's Book Value per Share for the quarter that ended in Dec. 2025 was A$5.02. Hence, Elevra Lithium's PB Ratio of today is 2.29.
Warning Sign:
Elevra Lithium Ltd stock PB Ratio (=2.29) is close to 2-year high of 2.45.
The historical rank and industry rank for Elevra Lithium's PB Ratio or its related term are showing as below:
ASX:ELV'
s PB Ratio Range Over the Past 10 Years
Min: 0.23 Med: 0.52 Max: 2.45
Current: 2.29
During the past 13 years, Elevra Lithium's highest PB Ratio was 2.45. The lowest was 0.23. And the median was 0.52.
ASX:ELV's PB Ratio is ranked worse than 50.3% of 2358
companies
in the Metals & Mining industry
Industry Median: 2.27
vs ASX:ELV: 2.29
During the past 12 months, Elevra Lithium's average Book Value Per Share Growth Rate was -40.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -15.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 44.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 42.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Elevra Lithium was 107.90% per year. The lowest was -15.00% per year. And the median was 72.70% per year.
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.
Elevra Lithium PB Ratio Related Terms
Elevra Lithium PB Ratio Historical Data
* Premium members only.
The historical data trend for Elevra Lithium'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.
For the Other Industrial Metals & Mining subindustry, Elevra Lithium'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.
Elevra Lithium PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Elevra Lithium's PB Ratio distribution charts can be found below:
* The bar in red indicates where Elevra Lithium's PB Ratio falls into.
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.
Elevra Lithium's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
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.
Elevra Lithium (ASX:ELV) has a PB Ratio of 2.29 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Elevra Lithium and its competitors. This is 340% above median its historical median of 0.52. Over the past decade, Elevra Lithium's PB Ratio has ranged from 0.23 to 2.45. According to the industry distribution chart, Elevra Lithium ranks #1186 out of 2358 companies in the Metals & Mining industry, placing it in the top 50.3%.
Is Elevra Lithium's PB Ratio too high?
Elevra Lithium's current PB Ratio of 2.29 is 340% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 2.45. The Metals & Mining industry median PB Ratio is 2.27. Elevra Lithium's value of 2.29 is 0.9% above this industry median. Based on the distribution chart, Elevra Lithium ranks #1186 out of 2358 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Elevra Lithium has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elevra Lithium's PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Elevra Lithium ranks #1186 out of 2358 companies for PB Ratio. This places Elevra Lithium in the lower half of its industry. The industry median PB Ratio is 2.27. Elevra Lithium's value of 2.29 is 0.9% above this benchmark. Historically, Elevra Lithium's own PB Ratio has ranged from 0.23 to 2.45 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 2.27, Elevra Lithium has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Metals & Mining company?
The median PB Ratio among Metals & Mining companies is 2.27, based on 2,358 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elevra Lithium's current PB Ratio of 2.29 is 0.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Elevra Lithium and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elevra Lithium's current PB Ratio is 2.29, which is 340% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elevra Lithium stock overvalued right now?
Based on GuruFocus' analysis, Elevra Lithium (ASX:ELV) is currently considered Significantly Overvalued. The stock's GF Value™ is A$3.42, compared to a current price of A$11.52 — trading 236.8% above its estimated fair value. The current PB Ratio is 2.29, which is 340% above median its 10-year median of 0.52 and 0.9% above the Metals & Mining industry median of 2.27. Elevra Lithium's overall GF Score™ is 40/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Elevra Lithium (ASX:ELV), the current PB Ratio is 2.29 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Elevra Lithium (ASX:ELV) Overvalued in 2026?
Based on GuruFocus' analysis, Elevra Lithium stock appears to be overvalued.
The current stock price of A$11.52 is trading 236.8% above its estimated GF Value™ of A$3.42.
GuruFocus considers Elevra Lithium to be Significantly Overvalued.
Key valuation signals for ASX:ELV:
PB Ratio: 2.29 (340% above median its 10-year median of 0.52)
GF Value™: A$3.42 vs. price of A$11.52 (236.8% above fair value)
Industry Position: 0.9% above the Metals & Mining median (#1186 of 2358)
No single metric tells the full story. See the ASX:ELV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elevra Lithium Ltd is a mineral exploration and development company. The principal activity of the company is the identification, acquisition, and evaluation of mineral exploration assets, focusing on lithium. The projects of the company include the Moblan Lithium Project, the Carolina Lithium Project, the Ewoyaa Lithium Project, North American Lithium, and other projects. The company also holds an interest in a tenement portfolio in the Pilbara region, prospective for gold and lithium.
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