Nikola (NKLA) - P/B ratio

P/B ratio as of November 2024 : 0.3764

According to Nikola's latest financial reports the company has a price-to-book ratio of 1.88978.
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.

Nikola - P/B ratio (from 2020 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.41	-28.32%
2022-12-31	1.96	-66.07%
2021-12-31	5.79	-3.17%
2020-12-31	5.98
2019-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
The Shyft Group SHYF	1.87	397.33%	🇺🇸 USA
Nikola NKLA	0.3764	0.00%	🇺🇸 USA
NIO NIO	3.32	782.70%	🇨🇳 China

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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