Navitas Petroleum (NVPT.TA)

P/B ratio as of November 2024 : 3.41

According to Navitas Petroleum's latest financial reports the company has a price-to-book ratio of 16.8366.
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.

Navitas Petroleum - P/B ratio (from 2017 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	2.24	65.18%
2022-12-31	1.35	-24.61%
2021-12-31	1.80	-29.99%
2020-12-31	2.57	-73.04%
2019-12-31	9.51	-118.2%
2018-12-31	-52.3	-1042.02%
2017-12-31	5.55
2016-12-31	N/A

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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Navitas Petroleum (NVPT.TA) - P/B ratio