Banorte (GFNORTEO.MX)

P/B ratio as of November 2024 : 1.51

According to Banorte's latest financial reports the company has a price-to-book ratio of 2.29101.
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.

Banorte - P/B ratio (from 2010 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.98	16.88%
2022-12-31	1.69	4.57%
2021-12-31	1.62	14.81%
2020-12-31	1.41	-8.84%
2019-12-31	1.54	-1.58%
2018-12-31	1.57	-21.84%
2017-12-31	2.01	1.44%
2016-12-31	1.98	3.77%
2015-12-31	1.91	5.77%
2014-12-31	1.80	-22.64%
2013-12-31	2.33	6.29%
2012-12-31	2.19	71.73%
2011-12-31	1.28	-46%
2010-12-31	2.37

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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Banorte (GFNORTEO.MX) - P/B ratio