Gujarat Mineral Development
GMDCLTD.NS
Gujarat Mineral Development (GMDCLTD.NS) - P/B ratio
P/B ratio as of May 2024 : 2.29
According to Gujarat Mineral Development's latest financial reports the company has a price-to-book ratio of 2.29.
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.
Gujarat Mineral Development - P/B ratio (from 2019 to 2023)
P/B ratio by year
| Year | P/B ratio | Change |
|---|---|---|
| 2023-12-31 | 2.22 | 148.43% |
| 2022-12-31 | 0.8938 | 64.16% |
| 2021-12-31 | 0.5444 | 43.71% |
| 2020-12-31 | 0.3789 | -15.4% |
| 2019-12-31 | 0.4478 |