TXNM Energy (TXNM)

P/B ratio as of November 2024 : 1.75

According to TXNM Energy's latest financial reports the company has a price-to-book ratio of 2.3128.
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.

TXNM Energy - P/B ratio (from 2001 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.48	-20.19%
2022-12-31	1.86	5.93%
2021-12-31	1.75	-10.83%
2020-12-31	1.96	-14.71%
2019-12-31	2.30	24.18%
2018-12-31	1.86	2.09%
2017-12-31	1.82	16.83%
2016-12-31	1.56	11.01%
2015-12-31	1.40	7.26%
2014-12-31	1.31	19.82%
2013-12-31	1.09	13.49%
2012-12-31	0.9607	1.41%
2011-12-31	0.9473	45.51%
2010-12-31	0.6510	9.88%
2009-12-31	0.5925	26.18%
2008-12-31	0.4695	-51.77%
2007-12-31	0.9736	-30.37%
2006-12-31	1.40	6.77%
2005-12-31	1.31	-5.84%
2004-12-31	1.39	32.5%
2003-12-31	1.05	11.1%
2002-12-31	0.9447

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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TXNM Energy (TXNM) - P/B ratio