Elgi Equipments (ELGIEQUIP.NS)

P/B ratio as of November 2024 : 11.3

According to Elgi Equipments 's latest financial reports the company has a price-to-book ratio of 5.56764.
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.

Elgi Equipments - P/B ratio (from 2012 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	11.8	1.6%
2022-12-31	11.6	12.46%
2021-12-31	10.3	65.99%
2020-12-31	6.21	19.36%
2019-12-31	5.21	-12.32%
2018-12-31	5.94	-34.05%
2017-12-31	9.00	82.77%
2016-12-31	4.93	25.99%
2015-12-31	3.91	-17.14%
2014-12-31	4.72	60.09%
2013-12-31	2.95	-13.28%
2012-12-31	3.40

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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Elgi Equipments (ELGIEQUIP.NS) - P/B ratio