Ash-Sharqiyah Development (6060.SR)

P/B ratio as of September 2024 : 1.70

According to Ash-Sharqiyah Development's latest financial reports the company has a price-to-book ratio of 1.70.
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.

Ash-Sharqiyah Development - 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	1.53	-42.82%
2022-12-31	2.67	-46.37%
2021-12-31	4.97	0.13%
2020-12-31	4.97	87.13%
2019-12-31	2.65	44.76%
2018-12-31	1.83

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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Ash-Sharqiyah Development (6060.SR) - P/B ratio