Ganfeng Lithium Group Co (SZSE:002460) Price-to-Tangible-Book : 2.45 (As of May. 01, 2024)

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What is Ganfeng Lithium Group Co Price-to-Tangible-Book?

As of today (2024-05-01), Ganfeng Lithium Group Co's share price is ¥35.26. Ganfeng Lithium Group Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was ¥14.41. Hence, Ganfeng Lithium Group Co's Price to Tangible Book Ratio of today is 2.45.

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

SZSE:002460' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.45 Med: 7.33 Max: 19.05
Current: 2.45

During the past 13 years, Ganfeng Lithium Group Co's highest Price to Tangible Book Ratio was 19.05. The lowest was 2.45. And the median was 7.33.

SZSE:002460's Price-to-Tangible-Book is ranked worse than
62.44% of 1491 companies
in the Chemicals industry
Industry Median: 1.82 vs SZSE:002460: 2.45

A closely related ratio is called PB Ratio. As of today, Ganfeng Lithium Group Co's share price is ¥35.26. Ganfeng Lithium Group Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was ¥23.32. Hence, Ganfeng Lithium Group Co's P/B Ratio of today is 1.51.

Ganfeng Lithium Group Co Price-to-Tangible-Book Historical Data

The historical data trend for Ganfeng Lithium Group 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.

Ganfeng Lithium Group Co Price-to-Tangible-Book Chart

Ganfeng Lithium Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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5.66

19.05

12.23

4.72

2.97

Ganfeng Lithium Group Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															4.72	4.30	3.75	2.94	2.97

Competitive Comparison of Ganfeng Lithium Group Co's Price-to-Tangible-Book

For the Chemicals subindustry, Ganfeng Lithium Group 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.

Ganfeng Lithium Group Co's Price-to-Tangible-Book Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ganfeng Lithium Group Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Ganfeng Lithium Group Co's Price-to-Tangible-Book falls into.

Ganfeng Lithium Group Co Price-to-Tangible-Book Calculation

Ganfeng Lithium Group 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 )
	=	35.26	/	14.406
	=	2.45

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.

Ganfeng Lithium Group Co Price-to-Tangible-Book Related Terms

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Ganfeng Lithium Group Co (SZSE:002460) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ganfeng Lithium Group Co Ltd (SZSE:002460) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

GNENY:USA GNENF:USA 01772:Hong Kong 39EA:Germany

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG

Website

http://www.ganfenglithium.com

Founded in 2000, Ganfeng is the world's third largest and China's largest lithium compounds producer and the world's largest lithium metals producer in terms of production capacity. The company offers five major categories of more than 40 lithium compounds and metals products, which is one of the most comprehensive product offerings among the suppliers globally. Starting as a midstream manufacturer of lithium compounds and lithium metals, Ganfeng has successfully expanded into a vertically integrated business model with operations along the critical stages of the industry value chain, including upstream lithium extraction, midstream lithium compounds and metals processing, and downstream lithium battery production and recycling.

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