Hindustan Petroleum (HINDPETRO.NS)

P/B ratio as of September 2024 : 1.84

According to Hindustan Petroleum 's latest financial reports the company has a price-to-book ratio of 1.84.
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.

Hindustan Petroleum - P/B ratio (from 2018 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.26	7.48%
2022-12-31	1.17	7.97%
2021-12-31	1.08	12.69%
2020-12-31	0.9605	-27.52%
2019-12-31	1.33	2%
2018-12-31	1.30

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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Hindustan Petroleum (HINDPETRO.NS) - P/B ratio