IDFC FIRST Bank (IDFCFIRSTB.NS)

P/B ratio as of September 2024 : 1.64

According to IDFC FIRST Bank 's latest financial reports the company has a price-to-book ratio of 1.64.
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.

IDFC FIRST Bank - 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	2.26	38.33%
2022-12-31	1.64	11.53%
2021-12-31	1.47	21.99%
2020-12-31	1.20	-5.26%
2019-12-31	1.27
2017-12-31	1.28	-8.91%
2016-12-31	1.40	-100.02%
2015-12-31	< -1000

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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IDFC FIRST Bank (IDFCFIRSTB.NS) - P/B ratio