Rio Tinto (RIO) - P/B ratio

P/B ratio as of December 2024 : 1.69

According to Rio Tinto's latest financial reports the company has a price-to-book ratio of 1.75801.
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.

Rio Tinto - P/B ratio (from 2001 to 2023)

P/B ratio by year

Year	P/B ratio	Change
2023-12-31	2.14	-2%
2022-12-31	2.19	15.82%
2021-12-31	1.89	4.55%
2020-12-31	1.81	-17.29%
2019-12-31	2.18	35.09%
2018-12-31	1.62	16.37%
2017-12-31	1.39	20.18%
2016-12-31	1.16	28.5%
2015-12-31	0.8998	-24.58%
2014-12-31	1.19	-19.93%
2013-12-31	1.49	4.94%
2012-12-31	1.42	18.97%
2011-12-31	1.19	-28.78%
2010-12-31	1.68	-6.23%
2009-12-31	1.79	49.43%
2008-12-31	1.20	-75.19%
2007-12-31	4.82	41.93%
2006-12-31	3.40	-9.57%
2005-12-31	3.76	22.71%
2004-12-31	3.06	-5.98%
2003-12-31	3.25	4.58%
2002-12-31	3.11

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
BHP Group BHP	2.51	49.03%	🇦🇺 Australia
Vale VALE	0.9524	-43.52%	🇧🇷 Brazil
Freeport-McMoRan FCX	1.90	12.65%	🇺🇸 USA

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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