TPI Composites (TPIC)

P/B ratio as of December 2024 : -0.1832

According to TPI Composites's latest financial reports the company has a price-to-book ratio of 0.045839.
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.

TPI Composites - P/B ratio (from 2016 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	-0.1938	-87.68%
2023-12-31	-1.57	-233.26%
2022-12-31	1.18	-20.62%
2021-12-31	1.49	-84.51%
2020-12-31	9.60	202.27%
2019-12-31	3.18	-17.68%
2018-12-31	3.86	22.27%
2017-12-31	3.15	-37.9%
2016-12-31	5.08
2015-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Siemens SIE.DE	2.52	-1,476.88%	🇩🇪 Germany

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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TPI Composites (TPIC) - P/B ratio