Nitto Denko (6988.T)

P/B ratio as of November 2024 : 1.68

According to Nitto Denko 's latest financial reports the company has a price-to-book ratio of 1.7483.
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.

Nitto Denko - P/B ratio (from 2008 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.59	28.77%
2022-12-31	1.23	-27.21%
2021-12-31	1.70	-15.36%
2020-12-31	2.00	46.16%
2019-12-31	1.37	9.93%
2018-12-31	1.25	-44.45%
2017-12-31	2.25	-2.19%
2016-12-31	2.30	1.83%
2015-12-31	2.25	20.85%
2014-12-31	1.87	33.2%
2013-12-31	1.40	-5.48%
2012-12-31	1.48	39.53%
2011-12-31	1.06	-32.66%
2010-12-31	1.58	8.41%
2009-12-31	1.45	90.75%
2008-12-31	0.7625

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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Nitto Denko (6988.T) - P/B ratio