Tessenderlo Group (TESB.BR)

P/B ratio as of November 2024 : 0.7191

According to Tessenderlo Group's latest financial reports the company has a price-to-book ratio of 0.654256.
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.

Tessenderlo Group - P/B ratio (from 2009 to 2023)

P/B ratio by year

Year	P/B ratio	Change
2023-12-31	0.9160	-10.06%
2022-12-31	1.02	-19.69%
2021-12-31	1.27	-18.62%
2020-12-31	1.56	-5.43%
2019-12-31	1.65	-3.24%
2018-12-31	1.70	-34.67%
2017-12-31	2.61	5.25%
2016-12-31	2.48	8.82%
2015-12-31	2.28	12.05%
2014-12-31	2.03	-19.22%
2013-12-31	2.51	12.27%
2012-12-31	2.24	118%
2011-12-31	1.03	-4.11%
2010-12-31	1.07	18.32%
2009-12-31	0.9057

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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Tessenderlo Group (TESB.BR) - P/B ratio