Piramal Enterprises (PEL.NS)

P/B ratio as of November 2024 : 0.8903

According to Piramal Enterprises 's latest financial reports the company has a price-to-book ratio of 2.44243.
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.

Piramal Enterprises - 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	0.7289	15.16%
2022-12-31	0.6329	-63.92%
2021-12-31	1.75	69.58%
2020-12-31	1.03	-10.24%
2019-12-31	1.15	-34.34%
2018-12-31	1.76	-48.01%
2017-12-31	3.38	76.5%
2016-12-31	1.91	38.08%
2015-12-31	1.39	18.09%
2014-12-31	1.17	30.46%
2013-12-31	0.8992	21.29%
2012-12-31	0.7414

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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Piramal Enterprises (PEL.NS) - P/B ratio