New India Assurance
NIACL.NS
#3606
Rank
โ‚น256.21 B
Marketcap
โ‚น155.47
Share price
-4.13%
Change (1 day)
-37.15%
Change (1 year)

New India Assurance (NIACL.NS) - P/B ratio

P/B ratio as of February 2025 : 0.8086

According to New India Assurance 's latest financial reports the company has a price-to-book ratio of 0.558779.
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.

New India Assurance - P/B ratio (from 2019 to 2024)

P/B ratio by year

Year P/B ratio Change
2024-12-311.10-13.68%
2023-12-311.2764.28%
2022-12-310.775018.95%
2021-12-310.6515-29.6%
2020-12-310.9254-0.82%
2019-12-310.9330
2017-12-312.30