Li Ning Co (HKSE:02331) Price-to-Tangible-Book : 2.05 (As of May. 01, 2024)

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What is Li Ning Co Price-to-Tangible-Book?

As of today (2024-05-01), Li Ning Co's share price is HK$20.85. Li Ning Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$10.17. Hence, Li Ning Co's Price to Tangible Book Ratio of today is 2.05.

The historical rank and industry rank for Li Ning Co's Price-to-Tangible-Book or its related term are showing as below:

HKSE:02331' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.03 Med: 3.37 Max: 13.34
Current: 2.05

During the past 13 years, Li Ning Co's highest Price to Tangible Book Ratio was 13.34. The lowest was 2.03. And the median was 3.37.

HKSE:02331's Price-to-Tangible-Book is ranked worse than
51.95% of 666 companies
in the Travel & Leisure industry
Industry Median: 1.945 vs HKSE:02331: 2.05

A closely related ratio is called PB Ratio. As of today, Li Ning Co's share price is HK$20.85. Li Ning Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$10.33. Hence, Li Ning Co's P/B Ratio of today is 2.02.

Li Ning Co Price-to-Tangible-Book Historical Data

The historical data trend for Li Ning Co'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.

Li Ning Co Price-to-Tangible-Book Chart

Li Ning Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

7.01

13.34

8.78

6.68

2.06

Li Ning Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															8.78	7.45	6.68	4.07	2.06

Competitive Comparison of Li Ning Co's Price-to-Tangible-Book

For the Leisure subindustry, Li Ning Co'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.

Li Ning Co's Price-to-Tangible-Book Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Li Ning Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Li Ning Co's Price-to-Tangible-Book falls into.

Li Ning Co Price-to-Tangible-Book Calculation

Li Ning Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	20.85	/	10.17
	=	2.05

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.

Li Ning Co Price-to-Tangible-Book Related Terms

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

Li Ning Co (HKSE:02331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Li Ning Co Ltd (HKSE:02331) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

LNNGY:USA LNNGF:USA LNLB:Germany

Address

No. 8 Xing Guang 5th Street, Opto-Mechatronics Industrial Park, Zhongguancun Science and Technology Area, Tongzhou District, Beijing, CHN, 101111

Website

https://www.lining.com

Established in 1989, Li Ning is one of the largest sportswear companies in China. Headquartered in Beijing, Li Ning mainly sells professional and leisure footwear and apparel under the Li Ning brand. Despite having a single-brand strategy, Li Ning launched multiple sub-brands (such as China Li Ning and Li Ning 1990) to appeal to different demographics. As of the end of 2021, the company had 7,137 stores in China, of which 1,232 were directly operated, and 5,905 were franchised.

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