Mitsubishi Electric (6503.T)

P/B ratio as of November 2024 : 1.37

According to Mitsubishi Electric's latest financial reports the company has a price-to-book ratio of 0.974823.
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.

Mitsubishi Electric - P/B ratio (from 2009 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.18	39.47%
2022-12-31	0.8495	-19.77%
2021-12-31	1.06	-16.19%
2020-12-31	1.26	1.82%
2019-12-31	1.24	15.01%
2018-12-31	1.08	-36.45%
2017-12-31	1.70	-1.34%
2016-12-31	1.72	25.67%
2015-12-31	1.37	-29.41%
2014-12-31	1.94	7.6%
2013-12-31	1.80	43.68%
2012-12-31	1.25	-12.25%
2011-12-31	1.43	-14.25%
2010-12-31	1.67	8.2%
2009-12-31	1.54

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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Mitsubishi Electric (6503.T) - P/B ratio