Erayak Power Solution (RAYA)

P/B ratio as of September 2024 : 0.8870

According to Erayak Power Solution's latest financial reports the company has a price-to-book ratio of 0.8870.
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.

Erayak Power Solution - P/B ratio (from 2022 to 2023)

P/B ratio by year

Year	P/B ratio	Change
2023-12-31	0.6534	-47.07%
2022-12-31	1.23
2021-12-31	N/A
2020-12-31	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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Erayak Power Solution (RAYA) - P/B ratio