Bytes Technology (BYIT.L)

P/B ratio as of September 2024 : 16.3

According to Bytes Technology's latest financial reports the company has a price-to-book ratio of 16.3.
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.

Bytes Technology - P/B ratio (from 2021 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	24.6	17.37%
2022-12-31	21.0	-43.19%
2021-12-31	36.9	-73.89%
2020-12-31	141

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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Bytes Technology (BYIT.L) - P/B ratio