Converge Technology Solutions (CTS.TO)

P/B ratio as of September 2024 : 2.24

According to Converge Technology Solutions's latest financial reports the company has a price-to-book ratio of 2.24.
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.

Converge Technology Solutions - P/B ratio (from 2018 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.38	-9.91%
2022-12-31	1.54	-57.22%
2021-12-31	3.59	-48.79%
2020-12-31	7.01	-160.89%
2019-12-31	-11.5	24.62%
2018-12-31	-9.24

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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Converge Technology Solutions (CTS.TO) - P/B ratio