Lordstown Motors (RIDE)

P/B ratio as of September 2024 : 0.6112

According to Lordstown Motors's latest financial reports the company has a price-to-book ratio of 0.6112.
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.

Lordstown Motors - P/B ratio (from 2020 to 2022)

P/B ratio by year

Year	P/B ratio	Change
2022-12-31	0.6860	-44.18%
2021-12-31	1.23	-72.81%
2020-12-31	4.52

P/B ratio for similar companies or competitors

Company	P/B ratio	differencediff.	Country
Workhorse Group WKHS	0.3249	-46.84%	🇺🇸 USA
Lordstown Motors RIDE	0.6112	0.00%	🇺🇸 USA
Federal Signal FSS	5.10	735.17%	🇺🇸 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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Lordstown Motors (RIDE) - P/B ratio