Thinkific Labs (THNC.TO)

P/B ratio as of December 2024 : 3.24

According to Thinkific Labs's latest financial reports the company has a price-to-book ratio of 2.12424.
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.

Thinkific Labs - P/B ratio (from 2021 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	3.36	-30.35%
2023-12-31	4.83	92.13%
2022-12-31	2.51	-71.61%
2021-12-31	8.85
2020-12-31	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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Thinkific Labs (THNC.TO) - P/B ratio