Axis Bank (AXISBANK.BO)

P/B ratio as of November 2024 : 2.02

According to Axis Bank 's latest financial reports the company has a price-to-book ratio of 4.24083.
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.

Axis Bank - 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	2.27	7.74%
2022-12-31	2.11	15.5%
2021-12-31	1.83	-3.08%
2020-12-31	1.89	-22.36%
2019-12-31	2.43
2013-12-31	1.68
2011-12-31	1.45	-52.83%
2010-12-31	3.08

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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Axis Bank (AXISBANK.BO) - P/B ratio