Root Insurance (ROOT)

P/B ratio as of October 2024 : 3.73

According to Root Insurance 's latest financial reports the company has a price-to-book ratio of 3.73.
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.

Root Insurance - P/B ratio (from 2020 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	0.9234	304.17%
2022-12-31	0.2285	-84.34%
2021-12-31	1.46	-61.76%
2020-12-31	3.82
2019-12-31	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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Root Insurance (ROOT) - P/B ratio