Global Medical REIT (GMRE)

P/B ratio as of September 2024 : 1.16

According to Global Medical REIT 's latest financial reports the company has a price-to-book ratio of 1.16.
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.

Global Medical REIT - P/B ratio (from 2016 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.20	17.97%
2022-12-31	1.02	-43.03%
2021-12-31	1.79	26.67%
2020-12-31	1.41	12.09%
2019-12-31	1.26	63.61%
2018-12-31	0.7694	12.36%
2017-12-31	0.6848	-32.4%
2016-12-31	1.01
2015-12-31	N/A
2014-12-31	N/A
2013-12-31	N/A
2012-12-31	N/A

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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Global Medical REIT (GMRE) - P/B ratio