Lifezone MetalsLZM 44 PB Ratio is 4.60 as of Jun. 26, 2026, which is 3% below its 10-year median of 4.74. GuruFocus rates LZM with a GF Score™ of 44/100 and a GF Value™ of $5.14 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,358 Metals & Mining companies, Lifezone Metals ranks worse than 74.85% 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 (2026-06-26), Lifezone Metals's share price is $4.05. Lifezone Metals's Book Value per Share for the quarter that ended in Dec. 2025 was $0.88. Hence, Lifezone Metals's PB Ratio of today is 4.60.
The historical rank and industry rank for Lifezone Metals's PB Ratio or its related term are showing as below:
LZM'
s PB Ratio Range Over the Past 10 Years
Min: 2.77 Med: 4.74 Max: 20.25
Current: 4.6
During the past 6 years, Lifezone Metals's highest PB Ratio was 20.25. The lowest was 2.77. And the median was 4.74.
LZM's PB Ratio is ranked worse than 74.85% of 2358
companies
in the Metals & Mining industry
Industry Median: 2.25
vs LZM: 4.60
During the past 12 months, Lifezone Metals's average Book Value Per Share Growth Rate was -22.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 83.90% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Lifezone Metals was 329.60% per year. The lowest was 2.60% per year. And the median was 18.50% 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.
Lifezone Metals PB Ratio Related Terms
Lifezone Metals PB Ratio Historical Data
* Premium members only.
The historical data trend for Lifezone Metals'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, Lifezone Metals'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.
Lifezone Metals PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Lifezone Metals's PB Ratio distribution charts can be found below:
* The bar in red indicates where Lifezone Metals'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.
Lifezone Metals'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.
Lifezone Metals (LZM) has a PB Ratio of 4.60 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Lifezone Metals and its competitors. This is near median its historical median of 4.74. Over the past decade, Lifezone Metals' PB Ratio has ranged from 2.77 to 20.25. According to the industry distribution chart, Lifezone Metals ranks #1765 out of 2358 companies in the Metals & Mining industry, placing it in the top 74.9%.
Is Lifezone Metals' PB Ratio too high?
Lifezone Metals' current PB Ratio of 4.60 is near median its 10-year median of 4.74. Over the past 10 years, this metric has ranged from a low of 2.77 to a high of 20.25. The Metals & Mining industry median PB Ratio is 2.25. Lifezone Metals' value of 4.60 is 104.4% above this industry median. Based on the distribution chart, Lifezone Metals ranks #1765 out of 2358 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Lifezone Metals has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lifezone Metals' PB Ratio compare to REA and REEMF?
According to the Metals & Mining industry distribution chart, Lifezone Metals ranks #1765 out of 2358 companies for PB Ratio. This places Lifezone Metals in the lower half of its industry. The industry median PB Ratio is 2.25. Lifezone Metals' value of 4.60 is 104.4% above this benchmark. Historically, Lifezone Metals' own PB Ratio has ranged from 2.77 to 20.25 over the past decade. While the company's 10-year median is 4.74 vs. the industry median of 2.25, Lifezone Metals 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 2.25, 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. Lifezone Metals's current PB Ratio of 4.60 is 104.4% 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 Lifezone Metals and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lifezone Metals's current PB Ratio is 4.60, which is near median its own 10-year median of 4.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lifezone Metals stock overvalued right now?
Based on GuruFocus' analysis, Lifezone Metals (LZM) is currently considered Modestly Undervalued. The stock's GF Value™ is $5.14, compared to a current price of $4.05 — trading 21.2% below its estimated fair value. The current PB Ratio is 4.60, which is near median its 10-year median of 4.74 and 104.4% above the Metals & Mining industry median of 2.25. Lifezone Metals' overall GF Score™ is 44/100 with 7 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 Lifezone Metals (LZM), the current PB Ratio is 4.60 as of Jun. 26, 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 Lifezone Metals (LZM) Overvalued in 2026?
Based on GuruFocus' analysis, Lifezone Metals stock appears to be undervalued.
The current stock price of $4.05 is trading 21.2% below its estimated GF Value™ of $5.14.
GuruFocus considers Lifezone Metals to be Modestly Undervalued.
Key valuation signals for LZM:
PB Ratio: 4.60 (near median its 10-year median of 4.74)
GF Value™: $5.14 vs. price of $4.05 (21.2% below fair value)
Industry Position: 104.4% above the Metals & Mining median (#1765 of 2358)
No single metric tells the full story. See the LZM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lifezone Metals Ltd seeks to support the clean energy transition through the licensing of Hydromet Technology as an alternative to smelting and metals refining. Its business comprises three segments: Metals extraction and refining for developing and operating a vertically integrated base metal operation in the northwest region of Tanzania, and Intellectual property licensing comprises patents residing with and managed by the subsidiary and corporate. Geographically, the company operates in South Africa, Australia, and the rest of the world. The majority of its revenue is generated from Australia.
44GF Score
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