Grindrod Shipping (GRIN)

P/B ratio as of November 2024 : 1.14

According to Grindrod Shipping's latest financial reports the company has a price-to-book ratio of 0.722135.
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.

Grindrod Shipping - P/B ratio (from 2018 to 2021)

P/B ratio by year

Year	P/B ratio	Change
2023-12-31	0.7128	-42.35%
2022-12-31	1.24	-12.28%
2021-12-31	1.41	348.55%
2020-12-31	0.3143	-34.99%
2019-12-31	0.4834	18.85%
2018-12-31	0.4067
2017-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Performance Shipping PSHG	0.0959	-91.55%	🇬🇷 Greece

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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Grindrod Shipping (GRIN) - P/B ratio