TRxADE HEALTH (MEDS)

P/B ratio as of September 2024 : 23.7

According to TRxADE HEALTH's latest financial reports the company has a price-to-book ratio of 23.7.
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.

TRxADE HEALTH - P/B ratio (from 2009 to 2023)

P/B ratio by year

Year	P/B ratio	Change
2023-12-31	11.9	9.2%
2022-12-31	10.9	114.05%
2021-12-31	5.11	3.63%
2020-12-31	4.93	-52.68%
2019-12-31	10.4	-11.82%
2018-12-31	11.8	-125.62%
2017-12-31	-46.1	263.74%
2016-12-31	-12.7	-109.8%
2015-12-31	130	62.85%
2014-12-31	79.5
2013-12-31	N/A
2009-12-31	-205
2008-12-31	N/A
2007-12-31	N/A
2006-12-31	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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TRxADE HEALTH (MEDS) - P/B ratio