Iridium Communications (IRDM)

P/B ratio as of November 2024 : 5.23

According to Iridium Communications's latest financial reports the company has a price-to-book ratio of 4.2755.
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.

Iridium Communications - P/B ratio (from 2008 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	5.74	0.31%
2022-12-31	5.72	35.02%
2021-12-31	4.24	14.76%
2020-12-31	3.69	66.16%
2019-12-31	2.22	71.96%
2018-12-31	1.29	78.49%
2017-12-31	0.7241	5.84%
2016-12-31	0.6842	5.09%
2015-12-31	0.6511	-12.4%
2014-12-31	0.7432	45.66%
2013-12-31	0.5103	-12.95%
2012-12-31	0.5862	-27.09%
2011-12-31	0.8040	-9.07%
2010-12-31	0.8842	-1.65%
2009-12-31	0.8990	-44.34%
2008-12-31	1.62

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Globalstar GSAT	7.05	34.81%	🇺🇸 USA
Gogo Inflight Internet GOGO	16.2	209.47%	🇺🇸 USA
Boeing BA	-4.91	-193.82%	🇺🇸 USA

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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Iridium Communications (IRDM) - P/B ratio