Race Oncology (RAC.AX)

P/B ratio as of October 2024 : 11.3

According to Race Oncology's latest financial reports the company has a price-to-book ratio of 11.3.
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.

Race Oncology - P/B ratio (from 2017 to 2023)

P/B ratio by year

Year	P/B ratio	Change
2023-12-31	5.49	-37.78%
2022-12-31	8.83	-78.22%
2021-12-31	40.6	-8.91%
2020-12-31	44.5	982.98%
2019-12-31	4.11	455.3%
2018-12-31	0.7403	-82.35%
2017-12-31	4.19

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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Race Oncology (RAC.AX) - P/B ratio