International Petroleum (IPCO.TO)

P/B ratio as of September 2024 : 1.53

According to International Petroleum's latest financial reports the company has a price-to-book ratio of 1.53.
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.

International Petroleum - P/B ratio (from 2017 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.41	-13.2%
2022-12-31	1.62	58.91%
2021-12-31	1.02	109.18%
2020-12-31	0.4873	-46.32%
2019-12-31	0.9076	18.93%
2018-12-31	0.7632	-38.82%
2017-12-31	1.25
2016-12-31	N/A

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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International Petroleum (IPCO.TO) - P/B ratio