Fortnox AB (FNOX.ST)

P/B ratio as of November 2024 : 17.1

According to Fortnox AB's latest financial reports the company has a price-to-book ratio of 20.591.
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.

Fortnox AB - P/B ratio (from 2012 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	20.7	-7.85%
2022-12-31	22.5	-38.05%
2021-12-31	36.3	-38.7%
2020-12-31	59.3	65.09%
2019-12-31	35.9	48.46%
2018-12-31	24.2	-6.28%
2017-12-31	25.8	-13.28%
2016-12-31	29.8	12.49%
2015-12-31	26.4	9.95%
2014-12-31	24.1	-7.07%
2013-12-31	25.9	232.58%
2012-12-31	7.78
2011-12-31	N/A
2010-12-31	N/A
2009-12-31	N/A
2008-12-31	N/A

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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Fortnox AB (FNOX.ST) - P/B ratio