Nokian Tyres (TYRES.HE)

P/B ratio as of November 2024 : 0.7863

According to Nokian Tyres 's latest financial reports the company has a price-to-book ratio of 0.80775.
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.

Nokian Tyres - P/B ratio (from 2009 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	0.8442	-8.18%
2022-12-31	0.9194	-67.49%
2021-12-31	2.83	8%
2020-12-31	2.62	30.34%
2019-12-31	2.01	-19.21%
2018-12-31	2.49	-29.02%
2017-12-31	3.50	5.8%
2016-12-31	3.31	-7.57%
2015-12-31	3.58	60.24%
2014-12-31	2.24	-33%
2013-12-31	3.34	20.75%
2012-12-31	2.76	1.91%
2011-12-31	2.71	-26.91%
2010-12-31	3.71	32.45%
2009-12-31	2.80

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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Nokian Tyres (TYRES.HE) - P/B ratio