...Macrotrends worked out that ALB's PE ratio is 18.46x, but at...

...Macrotrends worked out that ALB's PE ratio is 18.46x, but at its current price of $90.25, I worked out that its price now is trading at 6.75x (90.25/13.36) its 2023 EPS.

...however it is calculated, ALB's PE is under 20x

...at present price of 66c, LTR at best trades at PE of 32x for 2025 assuming a $1200 SC6 price- for it to trade at ALB's equivalent PE of 18.46x, LTR share price would have to be 38c (market cap $927m), a large gap of 42% to the downside.

...LTR's share price is declining because the cult like buying is OVER and it is beginning to fall in line with all other lithium stocks which have been decimated. It is not because of SHORTS, that has been the narrative perpetuated by long cults to keep the faith.  


From Macrotrends:
Current and historical p/e ratio for Albemarle (ALB) from 2010 to 2024. The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. The PE ratio is a simple way to assess whether a stock is over or under valued and is the most widely used valuation measure. Albemarle PE ratio as of September 02, 2024 is 18.46.

• Albemarle EPS for the quarter ending June 30, 2024 was $-1.96, a 135.51% decline year-over-year.
• Albemarle EPS for the twelve months ending June 30, 2024 was $-4.71, a 114.16% decline year-over-year.
• Albemarle 2023 annual EPS was $13.36, a 41.51% decline from 2022.
• Albemarle 2022 annual EPS was $22.84, a 2054.72% increase from 2021.
• Albemarle 2021 annual EPS was $1.06, a 69.89% decline from 2020.