RingCentral (RNG) - P/B ratio

P/B ratio as of November 2024 : -6.06

According to RingCentral 's latest financial reports the company has a price-to-book ratio of 1.38789.
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.

RingCentral - P/B ratio (from 2013 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	-6.33	-10.06%
2022-12-31	-7.04	-113.63%
2021-12-31	51.6	-52.52%
2020-12-31	109	453.19%
2019-12-31	19.7	-6.52%
2018-12-31	21.0	28.31%
2017-12-31	16.4	40.65%
2016-12-31	11.7	-24.35%
2015-12-31	15.4	45.36%
2014-12-31	10.6	-41.12%
2013-12-31	18.0
2012-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
8x8 EGHT	3.28	-154.19%	🇺🇸 USA
Amazon AMZN	8.16	-234.61%	🇺🇸 USA
Akamai AKAM	2.76	-145.59%	🇺🇸 USA
AT&T T	1.38	-122.70%	🇺🇸 USA
Microsoft MSFT	10.7	-276.75%	🇺🇸 USA
Cisco CSCO	5.03	-183.02%	🇺🇸 USA

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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