India Nippon Electricals
INDNIPPON.NS
$8.59
Share price
0.34%
Change (1 day)
89.21%
Change (1 year)
Categories
India Nippon Electricals (INDNIPPON.NS) - P/B ratio
P/B ratio as of April 2024 : 2.76
According to India Nippon Electricals's latest financial reports the company has a price-to-book ratio of 2.76.
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.
India Nippon Electricals - P/B ratio (from 2012 to 2023)
P/B ratio by year
| Year | P/B ratio | Change |
|---|---|---|
| 2023-12-31 | 2.06 | 21.79% |
| 2022-12-31 | 1.69 | -2.98% |
| 2021-12-31 | 1.75 | -5.5% |
| 2020-12-31 | 1.85 | -3.52% |
| 2019-12-31 | 1.92 | |
| 2014-12-31 | 2.34 | 147.35% |
| 2013-12-31 | 0.9479 | 103.92% |
| 2012-12-31 | 0.4648 |