Ardmore Shipping (ASC)

P/B ratio as of September 2024 : 1.12

According to Ardmore Shipping 's latest financial reports the company has a price-to-book ratio of 1.12.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Ardmore Shipping - P/B ratio (from 2013 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.01	-12.2%
2022-12-31	1.15	226.8%
2021-12-31	0.3530	3.9%
2020-12-31	0.3398	-63.01%
2019-12-31	0.9187	105.99%
2018-12-31	0.4460	-33.92%
2017-12-31	0.6749	9.81%
2016-12-31	0.6146	-35.92%
2015-12-31	0.9591	0.91%
2014-12-31	0.9505	-21.37%
2013-12-31	1.21
2012-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	differencediff.	Country
DHT Holdings DHT	1.68	50.05%	🇧🇲 Bermuda
SFL Corp SFL	1.58	40.63%	🇧🇲 Bermuda
Teekay Tankers TNK	1.13	0.96%	🇨🇦 Canada
Frontline FRO	2.05	83.30%	🇧🇲 Bermuda
Golar LNG GLNG	1.32	18.28%	🇧🇲 Bermuda
Teekay TK	0.4105	-63.36%	🇨🇦 Canada
Nordic American Tankers NAT	1.45	29.30%	🇧🇲 Bermuda

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Ardmore Shipping (ASC) - P/B ratio