Ocean Power Technologies (OPTT) - P/B ratio

P/B ratio as of November 2024 : 0.6835

According to Ocean Power Technologies 's latest financial reports the company has a price-to-book ratio of 2.74551.
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.

Ocean Power Technologies - P/B ratio (from 2007 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	0.5869	37.04%
2022-12-31	0.4283	-62.31%
2021-12-31	1.14	-81.28%
2020-12-31	6.07	891.68%
2019-12-31	0.6120	-65.9%
2018-12-31	1.79	34%
2017-12-31	1.34	-30.87%
2016-12-31	1.94	320.1%
2015-12-31	0.4612	-17.21%
2014-12-31	0.5571	-64.78%
2013-12-31	1.58	67.38%
2012-12-31	0.9451	29.8%
2011-12-31	0.7281	-33.73%
2010-12-31	1.10	-8.01%
2009-12-31	1.19	58.58%
2008-12-31	0.7531	-50.26%
2007-12-31	1.51
2006-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Capstone Green Energy CGRN	6.22	810.40%	🇺🇸 USA
Broadwind BWEN	0.6441	-5.76%	🇺🇸 USA
General Electric GE	10.3	1,401.58%	🇺🇸 USA
Lockheed Martin LMT	17.9	2,511.71%	🇺🇸 USA
Woodward WWD	4.86	611.69%	🇺🇸 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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