Torrent Power (TORNTPOWER.NS)

P/B ratio as of November 2024 : 6.05

According to Torrent Power's latest financial reports the company has a price-to-book ratio of 2.6603.
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.

Torrent Power - P/B ratio (from 2013 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	3.63	76.87%
2022-12-31	2.05	-18.52%
2021-12-31	2.52	59.75%
2020-12-31	1.58	13.93%
2019-12-31	1.39	-7.03%
2018-12-31	1.49	-21.21%
2017-12-31	1.89	49.58%
2016-12-31	1.26	13.99%
2015-12-31	1.11	-2.86%
2014-12-31	1.14	22.13%
2013-12-31	0.9349

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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Torrent Power (TORNTPOWER.NS) - P/B ratio