Jindal Steel & Power (JINDALSTEL.NS)

P/B ratio as of September 2024 : 2.14

According to Jindal Steel & Power 's latest financial reports the company has a price-to-book ratio of 2.14.
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.

Jindal Steel & Power - P/B ratio (from 2012 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.83	19.35%
2022-12-31	1.53	33.26%
2021-12-31	1.15	14.65%
2020-12-31	1.00	87.03%
2019-12-31	0.5353	-1.28%
2018-12-31	0.5422	-14.78%
2017-12-31	0.6363	219.97%
2016-12-31	0.1989	-52.91%
2015-12-31	0.4222	-23.43%
2014-12-31	0.5514	-48.31%
2013-12-31	1.07	-47%
2012-12-31	2.01

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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Jindal Steel & Power (JINDALSTEL.NS) - P/B ratio