Tourmaline Oil (TOU.TO)

P/B ratio as of November 2024 : 1.59

According to Tourmaline Oil 's latest financial reports the company has a price-to-book ratio of 3.82561.
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.

Tourmaline Oil - P/B ratio (from 2010 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.45	-14.33%
2022-12-31	1.69	46.09%
2021-12-31	1.16	111.4%
2020-12-31	0.5486	5.96%
2019-12-31	0.5177	-15.14%
2018-12-31	0.6101	-28.41%
2017-12-31	0.8522	-39.84%
2016-12-31	1.42	49.8%
2015-12-31	0.9456	-46.43%
2014-12-31	1.77	-29.93%
2013-12-31	2.52	26.18%
2012-12-31	2.00	10.68%
2011-12-31	1.80	-6.38%
2010-12-31	1.93

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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Tourmaline Oil (TOU.TO) - P/B ratio