New Found Gold (NFGC)

P/B ratio as of September 2024 : 10.3

According to New Found Gold's latest financial reports the company has a price-to-book ratio of 10.3.
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.

New Found Gold - P/B ratio (from 2020 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	13.3	19.1%
2022-12-31	11.1	-6.67%
2021-12-31	11.9	43.74%
2020-12-31	8.30
2019-12-31	N/A

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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New Found Gold (NFGC) - P/B ratio