Novonix (NVX) - P/B ratio

P/B ratio as of November 2024 : 1.23

According to Novonix's latest financial reports the company has a price-to-book ratio of 28.0659.
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.

Novonix - P/B ratio (from 2018 to 2023)

P/B ratio by year

Year	P/B ratio	Change
2023-12-31	1.29	-35.11%
2022-12-31	1.98
2021-12-31	N/A	-100%
2020-12-31	7.26
2019-12-31	N/A	-100%
2018-12-31	1.72
2017-12-31	N/A
2016-12-31	N/A
2015-12-31	N/A

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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