India Nippon Electricals (INDNIPPON.NS)

P/B ratio as of November 2024 : 2.47

According to India Nippon Electricals's latest financial reports the company has a price-to-book ratio of 2.04662.
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.

India Nippon Electricals - P/B ratio (from 2012 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	2.07	22%
2022-12-31	1.69	-2.98%
2021-12-31	1.75	-5.5%
2020-12-31	1.85	-3.52%
2019-12-31	1.92
2014-12-31	2.34	147.31%
2013-12-31	0.9480	103.92%
2012-12-31	0.4649

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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India Nippon Electricals (INDNIPPON.NS) - P/B ratio