Middle East Specialized Cables Company (2370.SR)

P/B ratio as of November 2024 : 3.53

According to Middle East Specialized Cables Company's latest financial reports the company has a price-to-book ratio of 1.45202.
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.

Middle East Specialized Cables Company - P/B ratio (from 2012 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	2.37	96%
2022-12-31	1.21	-49.54%
2021-12-31	2.39	40.07%
2020-12-31	1.71	62.31%
2019-12-31	1.05	-17.99%
2018-12-31	1.28	16.94%
2017-12-31	1.10	-1.06%
2016-12-31	1.11
2012-12-31	2.43

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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Middle East Specialized Cables Company (2370.SR) - P/B ratio