RITES (RITES.NS) - P/B ratio

P/B ratio as of November 2024 : 4.77

According to RITES 's latest financial reports the company has a price-to-book ratio of 5.3356.
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.

RITES - 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	4.49	50.68%
2022-12-31	2.98	21.65%
2021-12-31	2.45	3.39%
2020-12-31	2.37	-9.92%
2019-12-31	2.63	17.02%
2018-12-31	2.25
2017-12-31	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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