NWTN Inc. (NWTN) - P/B ratio

P/B ratio as of September 2024 : 0.9181

According to NWTN Inc.'s latest financial reports the company has a price-to-book ratio of 0.9181.
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.

NWTN Inc. - P/B ratio (from 2022 to 2023)

P/B ratio by year

Year	P/B ratio	Change
2023-12-31	10.1	-8.16%
2022-12-31	11.0
2021-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	differencediff.	Country
Tesla TSLA	11.6	1,161.78%	🇺🇸 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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