Galectin Therapeutics (GALT)

P/B ratio as of October 2024 : -2.08

According to Galectin Therapeutics's latest financial reports the company has a price-to-book ratio of -2.08.
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.

Galectin Therapeutics - P/B ratio (from 2002 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	-1.70	-18.29%
2022-12-31	-2.09	-104.44%
2021-12-31	47.0	788.53%
2020-12-31	5.28	48.08%
2019-12-31	3.57	-82.58%
2018-12-31	20.5	-79.47%
2017-12-31	99.8	3698.5%
2016-12-31	2.63	39.18%
2015-12-31	1.89	-31.7%
2014-12-31	2.76	-84.7%
2013-12-31	18.1	334.23%
2012-12-31	4.16	-75.28%
2011-12-31	16.8	-149.55%
2010-12-31	-34.0	946.9%
2009-12-31	-3.24	-64.75%
2008-12-31	-9.20	-4.78%
2007-12-31	-9.66	-98.55%
2006-12-31	-665	-2960.63%
2005-12-31	23.3	244.07%
2004-12-31	6.76	-45.83%
2003-12-31	12.5	-63.47%
2002-12-31	34.2

P/B ratio for similar companies or competitors

Company	P/B ratio	differencediff.	Country
Mirati Therapeutics MRTX	4.35	-308.67%	🇺🇸 USA
MannKind Corp MNKD	-7.66	267.46%	🇺🇸 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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Galectin Therapeutics (GALT) - P/B ratio