NIO (NIO) - P/B ratio

P/B ratio as of September 2024 : 3.17

According to NIO's latest financial reports the company has a price-to-book ratio of 3.17.
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.

NIO - P/B ratio (from 2018 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	4.45	-4.92%
2022-12-31	4.68	-49.3%
2021-12-31	9.23	-40.65%
2020-12-31	15.6	-426.62%
2019-12-31	-4.76	-170.56%
2018-12-31	6.75
2017-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	differencediff.	Country
Nikola NKLA	0.5074	-84.00%	🇺🇸 USA
Tesla TSLA	10.8	239.96%	🇺🇸 USA
Lucid Motors LCID	2.51	-20.90%	🇺🇸 USA
Rivian RIVN	2.00	-36.83%	🇺🇸 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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