DroneShield (DRO.AX)

P/B ratio as of November 2024 : 8.23

According to DroneShield's latest financial reports the company has a price-to-book ratio of 11.3372.
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.

DroneShield - P/B ratio (from 2016 to 2023)

P/B ratio by year

Year	P/B ratio	Change
2023-12-31	2.91	-41.47%
2022-12-31	4.98	6.01%
2021-12-31	4.70	38.81%
2020-12-31	3.38	-67.59%
2019-12-31	10.4	-37.77%
2018-12-31	16.8	77.97%
2017-12-31	9.43	-15.48%
2016-12-31	11.2

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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DroneShield (DRO.AX) - P/B ratio