Hindustan Oil Exploration Company (HINDOILEXP.NS)

P/B ratio as of September 2024 : 2.70

According to Hindustan Oil Exploration Company's latest financial reports the company has a price-to-book ratio of 2.70.
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.

Hindustan Oil Exploration Company - P/B ratio (from 2019 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	2.21	-0.77%
2022-12-31	2.23	-29.33%
2021-12-31	3.15	92.83%
2020-12-31	1.63	-15.61%
2019-12-31	1.94

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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Hindustan Oil Exploration Company (HINDOILEXP.NS) - P/B ratio