Polar Power (POLA)

P/B ratio as of November 2024 : 0.7071

According to Polar Power 's latest financial reports the company has a price-to-book ratio of 0.683302.
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.

Polar Power - P/B ratio (from 2016 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	0.5423	-40.97%
2022-12-31	0.9188	-53.34%
2021-12-31	1.97	-59.33%
2020-12-31	4.84	269.16%
2019-12-31	1.31	-40.09%
2018-12-31	2.19	-1.35%
2017-12-31	2.22	-40.06%
2016-12-31	3.70
2015-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Hyliion HYLN	1.70	139.71%	🇺🇸 USA
Polar Power POLA	0.7071	0.00%	🇺🇸 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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Polar Power (POLA) - P/B ratio