Latin Resources (LRS.AX)

P/B ratio as of October 2024 : 4.43

According to Latin Resources's latest financial reports the company has a price-to-book ratio of 15968.1.
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.

Latin Resources - P/B ratio (from 2011 to 2023)

P/B ratio by year

Year	P/B ratio	Change
2023-12-31	6.36	52.89%
2022-12-31	4.16	33.93%
2021-12-31	3.11	-13.05%
2020-12-31	3.57	-226.38%
2019-12-31	-2.83	-144.51%
2018-12-31	6.36	64.63%
2017-12-31	3.86	-24.85%
2016-12-31	5.14	471.37%
2015-12-31	0.8991	39.69%
2014-12-31	0.6436
2012-12-31	31.6	146.59%
2011-12-31	12.8

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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Latin Resources (LRS.AX) - P/B ratio