Cerence (CRNC) - P/B ratio

P/B ratio as of October 2024 : 0.8954

According to Cerence's latest financial reports the company has a price-to-book ratio of 0.386263.
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.

Cerence - P/B ratio (from 2019 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.11	7.58%
2022-12-31	1.03	-64.05%
2021-12-31	2.86	-24.99%
2020-12-31	3.81	328.67%
2019-12-31	0.8894
2018-12-31	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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