nVent Electric (NVT)

P/B ratio as of November 2024 : 3.94

According to nVent Electric's latest financial reports the company has a price-to-book ratio of 3.72092.
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.

nVent Electric - P/B ratio (from 2018 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	3.12	33%
2022-12-31	2.35	-8.4%
2021-12-31	2.56	55.78%
2020-12-31	1.64	-1.49%
2019-12-31	1.67	11.29%
2018-12-31	1.50
2017-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
nVent Electric NVT	3.94	0.00%	🇬🇧 UK
TE Connectivity TEL	3.60	-8.54%	🇨🇭 Switzerland

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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nVent Electric (NVT) - P/B ratio