Jindal Steel & Power (JINDALSTEL.NS)

P/B ratio as of September 2024 : 2.28

According to Jindal Steel & Power 's latest financial reports the company has a price-to-book ratio of 2.28.
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.

Jindal Steel & Power - 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	1.83	19.48%
2022-12-31	1.53	33.43%
2021-12-31	1.15	14.62%
2020-12-31	0.9990	85.85%
2019-12-31	0.5376	-1.38%
2018-12-31	0.5451	-14.66%
2017-12-31	0.6387	220.92%
2016-12-31	0.1990	-52.84%
2015-12-31	0.4220	-23.67%
2014-12-31	0.5528	-47.84%
2013-12-31	1.06	-47.34%
2012-12-31	2.01

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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Jindal Steel & Power (JINDALSTEL.NS) - P/B ratio