L E Lundbergforetagen AB (OSTO:LUND B) Price-to-Tangible-Book : 1.33 (As of May. 17, 2024)

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What is L E Lundbergforetagen AB Price-to-Tangible-Book?

As of today (2024-05-17), L E Lundbergforetagen AB's share price is kr571.50. L E Lundbergforetagen AB's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was kr430.91. Hence, L E Lundbergforetagen AB's Price to Tangible Book Ratio of today is 1.33.

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

OSTO:LUND B' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.96 Med: 1.22 Max: 1.34
Current: 1.33

During the past 13 years, L E Lundbergforetagen AB's highest Price to Tangible Book Ratio was 1.34. The lowest was 0.96. And the median was 1.22.

OSTO:LUND B's Price-to-Tangible-Book is ranked worse than
79.58% of 1621 companies
in the Asset Management industry
Industry Median: 0.96 vs OSTO:LUND B: 1.33

A closely related ratio is called PB Ratio. As of today, L E Lundbergforetagen AB's share price is kr571.50. L E Lundbergforetagen AB's Book Value per Sharefor the quarter that ended in Dec. 2023 was kr433.70. Hence, L E Lundbergforetagen AB's P/B Ratio of today is 1.32.

L E Lundbergforetagen AB Price-to-Tangible-Book Historical Data

The historical data trend for L E Lundbergforetagen AB'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.

L E Lundbergforetagen AB Price-to-Tangible-Book Chart

L E Lundbergforetagen AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.26

1.29

1.27

1.11

1.27

L E Lundbergforetagen AB 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															1.11	1.14	1.13	1.12	1.27

Competitive Comparison of L E Lundbergforetagen AB's Price-to-Tangible-Book

For the Asset Management subindustry, L E Lundbergforetagen AB'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.

L E Lundbergforetagen AB's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, L E Lundbergforetagen AB's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where L E Lundbergforetagen AB's Price-to-Tangible-Book falls into.

L E Lundbergforetagen AB Price-to-Tangible-Book Calculation

L E Lundbergforetagen AB's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	571.50	/	430.907
	=	1.33

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.

L E Lundbergforetagen AB Price-to-Tangible-Book Related Terms

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

L E Lundbergforetagen AB (OSTO:LUND B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » L E Lundbergforetagen AB (OSTO:LUND B) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

LBGUF:USA LUNDBs:UK 0GWB:UK LK3B:Germany

Address

Hovslagargatan 5B, PO Box 14048, Stockholm, SWE, 104 40

Website

https://www.lundbergforetagen.se

L E Lundbergforetagen AB is an investment holding company with a long-term, activist orientation. Its portfolio includes a wholly owned unlisted real estate entity, publicly-traded subsidiaries, and other major shareholdings. Lundberg's investment objective is to generate returns on capital that over time substantially exceed the yield on a risk-free, interest-bearing instrument. Real estate operations, which the company has conducted through subsidiaries for decades, account for nearly half of the company's net asset value. Lundberg exercises activism through board representation on all of its portfolio companies. It supports its capital allocation program by maintaining low levels of indebtedness on its balance sheet.

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