Happiest Minds Technologies (HAPPSTMNDS.NS)

P/B ratio as of January 2026 : 3.89

According to Happiest Minds Technologies's latest financial reports the company has a price-to-book ratio of 2.84219.
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.

Happiest Minds Technologies - P/B ratio (from 2020 to 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	4.34	-41.79%
2024-12-31	7.45	-22.2%
2023-12-31	9.58	-42.56%
2022-12-31	16.7	-48.64%
2021-12-31	32.5	195.72%
2020-12-31	11.0

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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Happiest Minds Technologies (HAPPSTMNDS.NS) - P/B ratio