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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.
Lendlease Group Price-to-Tangible-Book Related Terms
Lendlease Group Price-to-Tangible-Book Historical Data
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The historical data trend for Lendlease Group'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.
Lendlease Group Price-to-Tangible-Book Competitor Comparison
For the Real Estate - Diversified subindustry, Lendlease Group'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.
Lendlease Group Price-to-Tangible-Book vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Lendlease Group's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Lendlease Group's Price-to-Tangible-Book falls into.
* 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 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.
Lendlease Group (ASX:LLC) has a Price-to-Tangible-Book of 0.47 as of Sep. 05, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Lendlease Group and its competitors. According to the industry distribution chart, Lendlease Group ranks #446 out of 1683 companies in the Real Estate industry, placing it in the top 26.5%.
Is Lendlease Group's Price-to-Tangible-Book too high?
Lendlease Group's current Price-to-Tangible-Book is 0.47. The Real Estate industry median Price-to-Tangible-Book is 0.84. Lendlease Group's value of 0.47 is 44% below this industry median. Based on the distribution chart, Lendlease Group ranks #446 out of 1683 companies in the Real Estate industry, which is above the industry midpoint. Overall, Lendlease Group has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lendlease Group's Price-to-Tangible-Book compare to competitors?
According to the Real Estate industry distribution chart, Lendlease Group ranks #446 out of 1683 companies for Price-to-Tangible-Book. This puts Lendlease Group in the upper half of its industry. The industry median Price-to-Tangible-Book is 0.84. Lendlease Group's value of 0.47 is 44% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Real Estate company?
The median Price-to-Tangible-Book among Real Estate companies is 0.84, based on 1,683 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lendlease Group's current Price-to-Tangible-Book of 0.47 is 44% below 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Lendlease Group and its competitors. For the Real Estate industry, the median Price-to-Tangible-Book is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lendlease Group's current Price-to-Tangible-Book is 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lendlease Group stock overvalued right now?
Based on GuruFocus' analysis, Lendlease Group (ASX:LLC) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.73, compared to a current price of A$2.89 — trading 22.5% below its estimated fair value. The current Price-to-Tangible-Book is 0.47 and 44% below the Real Estate industry median of 0.84. Lendlease Group's overall GF Score™ is 61/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Lendlease Group (ASX:LLC), the current Price-to-Tangible-Book is 0.47 as of Sep. 05, 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 Lendlease Group (ASX:LLC) Overvalued in 2026?
Based on GuruFocus' analysis, Lendlease Group stock appears to be undervalued.
The current stock price of A$2.89 is trading 22.5% below its estimated GF Value™ of A$3.73.
GuruFocus considers Lendlease Group to be Modestly Undervalued.
Key valuation signals for ASX:LLC:
Price-to-Tangible-Book: 0.47
GF Value™: A$3.73 vs. price of A$2.89 (22.5% below fair value)
Industry Position: 44% below the Real Estate median (#446 of 1683)
No single metric tells the full story. See the ASX:LLC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lendlease has three segments: investments, development, and construction. Lendlease operates locally and overseas across all three segments. However, in the future, its development and construction businesses will be solely in Australia, while the investment management platform will maintain exposure to international real estate assets. Historically, the investments segment contributed about one-third of group EBITDA, development around half, and construction the remaining. The group is targeting an earnings mix between investments/development/construction of 50%/35%/15% post the current restructure, shifting more weights to the defensive and higher margin investments segment. Sales proceeds from asset divestments will primarily be used to repay debt and buy back securities.
61GF Score
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