Array Technologies (ARRY)

P/B ratio as of November 2024 : 2.19

According to Array Technologies's latest financial reports the company has a price-to-book ratio of 0.909267.
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.

Array Technologies - P/B ratio (from 2020 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	4.16	-39.37%
2022-12-31	6.86	-45.49%
2021-12-31	12.6	-118.59%
2020-12-31	-67.7
2019-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Amgen AMGN	21.3	874.20%	🇺🇸 USA
Onconova Therapeutics ONTX	3.48	58.65%	🇺🇸 USA
Novartis NVS	4.83	120.42%	🇨🇭 Switzerland
Eli Lilly LLY	54.3	2,377.88%	🇺🇸 USA
AstraZeneca AZN	5.10	133.01%	🇬🇧 UK

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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Array Technologies (ARRY) - P/B ratio