Michelin (ML.PA) - P/B ratio

P/B ratio as of September 2024 : 1.46

According to Michelin's latest financial reports the company has a price-to-book ratio of 1.46.
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.

Michelin - P/B ratio (from 2009 to 2023)

P/B ratio by year

Year	P/B ratio	Change
2023-12-31	1.29	19.59%
2022-12-31	1.08	-37.33%
2021-12-31	1.72	16.01%
2020-12-31	1.48	0.59%
2019-12-31	1.47	15.08%
2018-12-31	1.28	-32.92%
2017-12-31	1.91	6.11%
2016-12-31	1.80	7.32%
2015-12-31	1.68	14.09%
2014-12-31	1.47	-5.26%
2013-12-31	1.55	1.25%
2012-12-31	1.53	51.66%
2011-12-31	1.01	-20.47%
2010-12-31	1.27	-11.69%
2009-12-31	1.44

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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