Azure Power (AZREF)

P/B ratio as of November 2024 : 0.0922

According to Azure Power 's latest financial reports the company has a price-to-book ratio of 0.19613.
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.

Azure Power - P/B ratio (from 2016 to 2022)

P/B ratio by year

Year	P/B ratio	Change
2022-12-31	0.5298	-80.71%
2021-12-31	2.75	-47.98%
2020-12-31	5.28	257.19%
2019-12-31	1.48	50.28%
2018-12-31	0.9834	-44.59%
2017-12-31	1.77	-14.03%
2016-12-31	2.06
2015-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
PNM Resources PNM	1.53	1,558.85%	🇺🇸 USA
Pinnacle West Capital PNW	1.61	1,641.78%	🇺🇸 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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Azure Power (AZREF) - P/B ratio