Lechwerke AGHAM:LEC -0.80%60 PB Ratio is 3.97 as of Jun. 27, 2026, which is 37% below its 10-year median of 6.33. GuruFocus rates HAM:LEC with a GF Score™ of 60/100 and a GF Value™ of €43.87 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 502 Utilities - Regulated companies, Lechwerke AG ranks worse than 92.43% 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 (2026-06-27), Lechwerke AG's share price is €62.00. Lechwerke AG's Book Value per Share for the quarter that ended in Dec. 2025 was €15.61. Hence, Lechwerke AG's PB Ratio of today is 3.97.
Good Sign:
Lechwerke AG stock PB Ratio (=4.33) is close to 10-year low of 4.33.
The historical rank and industry rank for Lechwerke AG's PB Ratio or its related term are showing as below:
HAM:LEC'
s PB Ratio Range Over the Past 10 Years
Min: 4.33 Med: 6.33 Max: 9.92
Current: 4.33
During the past 13 years, Lechwerke AG's highest PB Ratio was 9.92. The lowest was 4.33. And the median was 6.33.
HAM:LEC's PB Ratio is ranked worse than 92.43% of 502
companies
in the Utilities - Regulated industry
Industry Median: 1.42
vs HAM:LEC: 4.33
During the past 3 years, the average Book Value Per Share Growth Rate was 3.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Lechwerke AG was 9.40% per year. The lowest was -22.10% per year. And the median was 2.80% 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.
Lechwerke AG PB Ratio Related Terms
Lechwerke AG PB Ratio Historical Data
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The historical data trend for Lechwerke AG'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 Utilities - Diversified subindustry, Lechwerke AG'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.
Lechwerke AG PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Lechwerke AG's PB Ratio distribution charts can be found below:
* The bar in red indicates where Lechwerke AG'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.
Lechwerke AG'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.
Lechwerke AG (HAM:LEC) has a PB Ratio of 3.97 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Lechwerke AG and its competitors. This is 37% below median its historical median of 6.33. Over the past decade, Lechwerke AG's PB Ratio has ranged from 4.33 to 9.92. According to the industry distribution chart, Lechwerke AG ranks #464 out of 502 companies in the Utilities - Regulated industry, placing it in the top 92.4%.
Is Lechwerke AG's PB Ratio too high?
Lechwerke AG's current PB Ratio of 3.97 is 37% below median its 10-year median of 6.33. Over the past 10 years, this metric has ranged from a low of 4.33 to a high of 9.92. The Utilities - Regulated industry median PB Ratio is 1.42. Lechwerke AG's value of 3.97 is 179.6% above this industry median. Based on the distribution chart, Lechwerke AG ranks #464 out of 502 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Lechwerke AG has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lechwerke AG's PB Ratio compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, Lechwerke AG ranks #464 out of 502 companies for PB Ratio. This places Lechwerke AG in the lower half of its industry. The industry median PB Ratio is 1.42. Lechwerke AG's value of 3.97 is 179.6% above this benchmark. Historically, Lechwerke AG's own PB Ratio has ranged from 4.33 to 9.92 over the past decade. While the company's 10-year median is 6.33 vs. the industry median of 1.42, Lechwerke AG 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 an Utilities - Regulated company?
The median PB Ratio among Utilities - Regulated companies is 1.42, based on 502 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. Lechwerke AG's current PB Ratio of 3.97 is 179.6% 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 Lechwerke AG and its competitors. For the Utilities - Regulated industry, the median PB Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lechwerke AG's current PB Ratio is 3.97, which is 37% below median its own 10-year median of 6.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lechwerke AG stock overvalued right now?
Based on GuruFocus' analysis, Lechwerke AG (HAM:LEC) is currently considered Modestly Overvalued. The stock's GF Value™ is €43.87, compared to a current price of €62.00 — trading 41.3% above its estimated fair value. The current PB Ratio is 3.97, which is 37% below median its 10-year median of 6.33 and 179.6% above the Utilities - Regulated industry median of 1.42. Lechwerke AG's overall GF Score™ is 60/100 with 6 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 Lechwerke AG (HAM:LEC), the current PB Ratio is 3.97 as of Jun. 27, 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 Lechwerke AG (HAM:LEC) Overvalued in 2026?
Based on GuruFocus' analysis, Lechwerke AG stock appears to be overvalued.
The current stock price of €62.00 is trading 41.3% above its estimated GF Value™ of €43.87.
GuruFocus considers Lechwerke AG to be Modestly Overvalued.
Key valuation signals for HAM:LEC:
PB Ratio: 3.97 (37% below median its 10-year median of 6.33)
GF Value™: €43.87 vs. price of €62.00 (41.3% above fair value)
Industry Position: 179.6% above the Utilities - Regulated median (#464 of 502)
No single metric tells the full story. See the HAM:LEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lechwerke AG is a regional energy supplier in Bavaria and parts of Baden-Wurttemberg. The company offers both electricity and gas products as well as all energy-related services such as contracting, energy certificates and energy controlling. The company also works in the field of street lighting as well as the development and implementation of energy efficiency projects and comprehensive energy concepts.
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