As of today (2024-04-25), Lithia Motors's share price is $248.34. Lithia Motors's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $68.65. Hence, Lithia Motors's Price to Tangible Book Ratio of today is 3.62.
The historical rank and industry rank for Lithia Motors's Price-to-Tangible-Book or its related term are showing as below:
LAD'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.96 Med: 4.66 Max: 7.04
Current: 3.62
During the past 13 years, Lithia Motors's highest Price to Tangible Book Ratio was 7.04. The lowest was 2.96. And the median was 4.66.
LAD's Price-to-Tangible-Book is ranked worse than 78.3% of 1198
companies
in the Vehicles & Parts industry
Industry Median: 1.675
vs LAD: 3.62
A closely related ratio is called PB Ratio. As of today, Lithia Motors's share price is $248.34. Lithia Motors's Book Value per Sharefor the quarter that ended in Dec. 2023 was $226.79. Hence, Lithia Motors's P/B Ratio of today is 1.10.
Lithia Motors Price-to-Tangible-Book Historical Data
The historical data trend for Lithia Motors'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.
Competitive Comparison of Lithia Motors's Price-to-Tangible-Book
For the Auto & Truck Dealerships subindustry, Lithia Motors'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.
Lithia Motors's Price-to-Tangible-Book Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Lithia Motors's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Lithia Motors's Price-to-Tangible-Book falls into.
Lithia Motors Price-to-Tangible-Book Calculation
Lithia Motors's price-to-tangible-book ratio for today is calculated as:
* 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.
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.
Lithia Motors Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Lithia Motors's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Lithia Motors (Lithia Motors) Business Description
Lithia Motors is a retailer of new and used vehicles and related services. The company offers over 45 brands of vehicles at about 350 stores globally including 28 U.S. states at year-end 2022 and entered Canada in mid-2021 with the purchase of Pfaff Automotive and bought Jardine and soon Pendragon in the U.K. in 2023. The company has expanded largely through the acquisition of dealerships in smaller regional markets but now seeks to grow in any part of the U.S. and we expect more deals over time in the U.S. and abroad. Annual revenue in 2022 was $28.2 billion and we see over $50 billion possible in 2025. In 2022, new-car sales were about 46% of total revenue. Lithia was founded in 1946, went public in 1996, and is now the largest U.S. auto dealer. It is based in Medford, Oregon.
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