Co-Diagnostics (CODX)

P/B ratio as of November 2024 : 0.4675

According to Co-Diagnostics 's latest financial reports the company has a price-to-book ratio of 3.79356.
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.

Co-Diagnostics - P/B ratio (from 2017 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	0.4729	-30.5%
2022-12-31	0.6803	-64.87%
2021-12-31	1.94	-51.37%
2020-12-31	3.98	-55.44%
2019-12-31	8.94	-149.14%
2018-12-31	-18.2	-315.95%
2017-12-31	8.42
2016-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Philips PHG	1.92	311.56%	🇳🇱 Netherlands
PAVmed PAVM	-0.5820	-224.50%	🇺🇸 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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Co-Diagnostics (CODX) - P/B ratio