Lantern Pharma (LTRN)

P/B ratio as of September 2024 : 1.42

According to Lantern Pharma's latest financial reports the company has a price-to-book ratio of 1.42.
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.

Lantern Pharma - P/B ratio (from 2020 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.12	-4.12%
2022-12-31	1.17	-6.19%
2021-12-31	1.25	-79.47%
2020-12-31	6.08
2019-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	differencediff.	Country
ORIC Pharmaceuticals ORIC	2.60	83.80%	🇺🇸 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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Lantern Pharma (LTRN) - P/B ratio