TechPrecision (TPCS)

P/B ratio as of October 2024 : 3.87

According to TechPrecision's latest financial reports the company has a price-to-book ratio of 3.87.
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.

TechPrecision - P/B ratio (from 2007 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	3.54	-22.65%
2022-12-31	4.57	3.98%
2021-12-31	4.40	5.47%
2020-12-31	4.17	-23.16%
2019-12-31	5.43	75.89%
2018-12-31	3.08	38.78%
2017-12-31	2.22	-28.39%
2016-12-31	3.10	-49.08%
2015-12-31	6.09	92.91%
2014-12-31	3.16	-5.08%
2013-12-31	3.33	58.82%
2012-12-31	2.10	84.25%
2011-12-31	1.14	-33.3%
2010-12-31	1.71	60.37%
2009-12-31	1.06	-3.17%
2008-12-31	1.10	-91.83%
2007-12-31	13.4
2006-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	differencediff.	Country
RBC Bearings RBC	3.13	-19.24%	🇺🇸 USA
Mueller Water Products MWA	4.27	10.33%	🇺🇸 USA
EnPro Industries NPO	2.38	-38.56%	🇺🇸 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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TechPrecision (TPCS) - P/B ratio