Pangaea Logistics Solutions (PANL)

P/B ratio as of January 2025 : 0.9192

According to Pangaea Logistics Solutions's latest financial reports the company has a price-to-book ratio of 0.668011.
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.

Pangaea Logistics Solutions - P/B ratio (from 2013 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	0.6054	-41.46%
2023-12-31	1.03	61.25%
2022-12-31	0.6414	11.84%
2021-12-31	0.5735	6.79%
2020-12-31	0.5370	-1.42%
2019-12-31	0.5448	-4.64%
2018-12-31	0.5713	-25.33%
2017-12-31	0.7651	8.61%
2016-12-31	0.7044	20.84%
2015-12-31	0.5829	-64.57%
2014-12-31	1.65	-92.53%
2013-12-31	22.0

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Seanergy Maritime SHIP	0.5478	-40.40%	🇬🇷 Greece
Matson MATX	1.84	99.74%	🇺🇸 USA
Royal Caribbean RCL	10.2	1,012.80%	🇺🇸 USA
Tsakos Energy Navigation TNP	0.5138	-44.10%	🇬🇷 Greece

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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Pangaea Logistics Solutions (PANL) - P/B ratio