Fortum (FORTUM.HE)

P/B ratio as of September 2024 : 1.54

According to Fortum's latest financial reports the company has a price-to-book ratio of 1.54.
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.

Fortum - P/B ratio (from 2009 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.38	-22.37%
2022-12-31	1.77	1.17%
2021-12-31	1.75	56.17%
2020-12-31	1.12	-23.92%
2019-12-31	1.48	5.11%
2018-12-31	1.40	27.13%
2017-12-31	1.11	15.23%
2016-12-31	0.9590	7.51%
2015-12-31	0.8920	-38.9%
2014-12-31	1.46	0.05%
2013-12-31	1.46	23.54%
2012-12-31	1.18	-17.65%
2011-12-31	1.43	-37.36%
2010-12-31	2.29	15.36%
2009-12-31	1.98

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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Fortum (FORTUM.HE) - P/B ratio