Shinhan Financial Group (SHG) - P/B ratio

P/B ratio as of November 2024 : 0.4981

According to Shinhan Financial Group 's latest financial reports the company has a price-to-book ratio of 1.26613.
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.

Shinhan Financial Group - P/B ratio (from 2003 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	0.3625	7.2%
2022-12-31	0.3381	-10.68%
2021-12-31	0.3785	6.44%
2020-12-31	0.3556	-25.14%
2019-12-31	0.4751	-6.39%
2018-12-31	0.5075	-26.59%
2017-12-31	0.6913	2.48%
2016-12-31	0.6746	14.74%
2015-12-31	0.5879	-14.69%
2014-12-31	0.6892	-8.07%
2013-12-31	0.7497	22.81%
2012-12-31	0.6105	-13.15%
2011-12-31	0.7028	-23.65%
2010-12-31	0.9206
2007-12-31	1.29	-33.01%
2006-12-31	1.93	5.67%
2005-12-31	1.83	48.41%
2004-12-31	1.23	14.04%
2003-12-31	1.08

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
KB Financial Group KB	0.5951	19.46%	🇰🇷 S. Korea
Citigroup C	0.6159	23.65%	🇺🇸 USA
Mizuho Financial Group MFG	0.8901	78.69%	🇯🇵 Japan

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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