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Lynas Rare Earths (ASX:LYC) Price-to-Tangible-Book : 2.79 (As of May. 05, 2024)


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What is Lynas Rare Earths Price-to-Tangible-Book?

As of today (2024-05-05), Lynas Rare Earths's share price is A$6.56. Lynas Rare Earths's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$2.35. Hence, Lynas Rare Earths's Price to Tangible Book Ratio of today is 2.79.

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

ASX:LYC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.64   Med: 3.16   Max: 7.33
Current: 2.79

During the past 13 years, Lynas Rare Earths's highest Price to Tangible Book Ratio was 7.33. The lowest was 0.64. And the median was 3.16.

ASX:LYC's Price-to-Tangible-Book is ranked worse than
75.89% of 2236 companies
in the Metals & Mining industry
Industry Median: 1.3 vs ASX:LYC: 2.79

A closely related ratio is called PB Ratio. As of today, Lynas Rare Earths's share price is A$6.56. Lynas Rare Earths's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$2.36. Hence, Lynas Rare Earths's P/B Ratio of today is 2.79.


Lynas Rare Earths Price-to-Tangible-Book Historical Data

The historical data trend for Lynas Rare Earths'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.

Lynas Rare Earths Price-to-Tangible-Book Chart

Lynas Rare Earths Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.22 2.61 4.75 4.79 2.96

Lynas Rare Earths 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.33 4.79 3.92 2.96 3.04

Competitive Comparison of Lynas Rare Earths's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Lynas Rare Earths'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.


Lynas Rare Earths's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lynas Rare Earths's Price-to-Tangible-Book distribution charts can be found below:

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



Lynas Rare Earths Price-to-Tangible-Book Calculation

Lynas Rare Earths's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=6.56/2.354
=2.79

* 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.


Lynas Rare Earths Price-to-Tangible-Book Related Terms

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


Lynas Rare Earths (ASX:LYC) Business Description

Traded in Other Exchanges
Address
1 Howard Street, Level 4, Perth, WA, AUS, 6000
Lynas Rare Earths Ltd is an Australian firm. It operates in a single segment and is engaged in integrated extraction and processing of Rare Earth minerals, in Australia and Malaysia; and the Development of Rare Earth deposits. It is focused on the Kalgoorlie project.

Lynas Rare Earths (ASX:LYC) Headlines

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