Li Auto (Li Auto) PB Ratio

: 3.44 (As of Today)

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The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-18), Li Auto's share price is $29.191. Li Auto's Book Value per Share for the quarter that ended in Dec. 2023 was $8.48. Hence, Li Auto's PB Ratio of today is 3.44.

Good Sign:

Li Auto Inc stock PB Ratio (=3.39) is close to 1-year low of 3.26

The historical rank and industry rank for Li Auto's PB Ratio or its related term are showing as below:

LI' s PB Ratio Range Over the Past 10 Years
Min: 2.23 Med: 4.63 Max: 11.25
Current: 3.44

During the past 6 years, Li Auto's highest PB Ratio was 11.25. The lowest was 2.23. And the median was 4.63.

LI's PB Ratio is ranked worse than
82.2% of 1253 companies
in the Vehicles & Parts industry
Industry Median: 1.43 vs LI: 3.44

During the past 12 months, Li Auto's average Book Value Per Share Growth Rate was 28.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 19.00% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Li Auto was 19.00% per year. The lowest was 19.00% per year. And the median was 19.00% per year.

Back to Basics: PB Ratio

Li Auto PB Ratio Historical Data

The historical data trend for Li Auto's PB Ratio 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 Auto Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

5.72

4.80

3.10

4.41

Li Auto Quarterly Data
	Dec18	Mar19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio															3.10	3.64	5.06	4.86	4.41

Competitive Comparison

For the Auto Manufacturers subindustry, Li Auto's PB Ratio, along with its competitors' market caps and PB Ratio 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 Auto PB Ratio Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Li Auto's PB Ratio distribution charts can be found below:

* The bar in red indicates where Li Auto's PB Ratio falls into.

Li Auto PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Li Auto's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	29.191	/	8.484
	=	3.44

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Li Auto (NAS:LI) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Li Auto PB Ratio Related Terms

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Li Auto (Li Auto) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Li Auto Inc (NAS:LI) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

LIA:Mexico 02015:Hong Kong L87:Germany L87A:Germany L87A:Germany

Address

11 Wenliang Street, Shunyi District, Beijing, CHN, 101399

Website

https://www.lixiang.com

Li Auto is a leading Chinese NEV manufacturer that designs, develops, manufactures, and sells premium smart NEVs. The company started volume production of its first model Li One in November 2019. The model is a six-seater, large, premium plug-in electric SUV equipped with a range extension system and advanced smart vehicle solutions. It sold over 133,000 NEVs in 2022, accounting for about 2% of China's passenger new energy vehicle market. Beyond Li One, the company will expand its product line, including both BEVs and PHEVs, to target a broader consumer base.