Lazard (LTS:0UB6) Price-to-Tangible-Book : 147.88 (As of Apr. 29, 2024)

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What is Lazard Price-to-Tangible-Book?

As of today (2024-04-29), Lazard's share price is $48.80. Lazard's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.33. Hence, Lazard's Price to Tangible Book Ratio of today is 147.88.

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

During the past 13 years, Lazard's highest Price to Tangible Book Ratio was 105.45. The lowest was 5.73. And the median was 8.08.

LTS:0UB6's Price-to-Tangible-Book is not ranked ^*
in the Capital Markets industry.
Industry Median: 1.345
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Lazard's share price is $48.80. Lazard's Book Value per Sharefor the quarter that ended in Dec. 2023 was $4.85. Hence, Lazard's P/B Ratio of today is 10.07.

Lazard Price-to-Tangible-Book Historical Data

The historical data trend for Lazard'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.

Lazard Price-to-Tangible-Book Chart

Lazard Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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17.14

7.63

8.25

23.42

147.88

Lazard Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															73.94	-	-	147.88	-

Competitive Comparison of Lazard's Price-to-Tangible-Book

For the Capital Markets subindustry, Lazard'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.

Lazard's Price-to-Tangible-Book Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Lazard's Price-to-Tangible-Book distribution charts can be found below:

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

Lazard Price-to-Tangible-Book Calculation

Lazard's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	48.80	/	0.33
	=	147.88

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.

Lazard Price-to-Tangible-Book Related Terms

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

Lazard (LTS:0UB6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Lazard Inc (LTS:0UB6) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

LAZ:USA

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM11

Website

https://www.lazard.com

Lazard has a storied history that can be traced back to 1848. The company's revenue is nearly equally split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company's asset management business is primarily equities (over 80% of assets under management), has an international focus, and is geared toward institutional clients. By geography, the company earns approximately 60% of revenue in the Americas, 35% in EMEA, and 5% in Asia-Pacific. Lazard has offices across more than 20 countries and over 3,000 employees.

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