New India Assurance
NIACL.NS
$2.87
Share price
-3.22%
Change (1 day)
122.48%
Change (1 year)
Categories
New India Assurance (NIACL.NS) - P/B ratio
P/B ratio as of May 2024 : 1.49
According to New India Assurance
's latest financial reports the company has a price-to-book ratio of 1.49.
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 2023)
P/B ratio by year
| Year | P/B ratio | Change |
|---|---|---|
| 2023-12-31 | 1.27 | 64% |
| 2022-12-31 | 0.7750 | 18.95% |
| 2021-12-31 | 0.6515 | -29.6% |
| 2020-12-31 | 0.9254 | -0.82% |
| 2019-12-31 | 0.9330 | |
| 2017-12-31 | 2.30 |