Bitfarms (BITF) - P/B ratio

P/B ratio as of July 2024 : 3.05

According to Bitfarms's latest financial reports the company has a price-to-book ratio of 3.05.
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.

Bitfarms - P/B ratio (from 2019 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	3.18	732.77%
2022-12-31	0.3819	-85.37%
2021-12-31	2.61	-76.88%
2020-12-31	11.3	890.59%
2019-12-31	1.14
2018-12-31	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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