New India Assurance (NIACL.NS)

P/B ratio as of November 2024 : 0.9791

According to New India Assurance 's latest financial reports the company has a price-to-book ratio of 0.662473.
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.

New India Assurance - 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	1.27	64.28%
2022-12-31	0.7750	18.95%
2021-12-31	0.6515	-29.6%
2020-12-31	0.9254	-0.82%
2019-12-31	0.9330
2017-12-31	2.30

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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New India Assurance (NIACL.NS) - P/B ratio