Netwealth (NWL.AX)

P/B ratio as of December 2025 : 32.9

According to Netwealth's latest financial reports the company has a price-to-book ratio of 26.088.
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.

Netwealth - P/B ratio (from 2020 to 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	N/A	-100%
2024-12-31	45.9	47.06%
2023-12-31	31.2	11.95%
2022-12-31	27.9	-68.84%
2021-12-31	89.5	-19.39%
2020-12-31	111
2019-12-31	N/A
2018-12-31	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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Netwealth (NWL.AX) - P/B ratio