ReadyTech Holdings (RDY.AX)

P/B ratio as of October 2024 : 2.34

According to ReadyTech Holdings's latest financial reports the company has a price-to-book ratio of 2.34.
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.

ReadyTech Holdings - 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	3.20	-12.28%
2022-12-31	3.65	-32.31%
2021-12-31	5.39	-18.32%
2020-12-31	6.59	37.42%
2019-12-31	4.80

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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ReadyTech Holdings (RDY.AX) - P/B ratio