Gujarat Mineral Development (GMDCLTD.NS)

P/B ratio as of September 2024 : 1.91

According to Gujarat Mineral Development's latest financial reports the company has a price-to-book ratio of 1.91.
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 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	2.22	149.12%
2022-12-31	0.8928	64.38%
2021-12-31	0.5432	43.68%
2020-12-31	0.3780	-15.94%
2019-12-31	0.4497

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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Gujarat Mineral Development (GMDCLTD.NS) - P/B ratio