Mahanagar Gas (MGL.NS)

P/B ratio as of November 2024 : 2.05

According to Mahanagar Gas's latest financial reports the company has a price-to-book ratio of 1.70963.
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.

Mahanagar Gas - P/B ratio (from 2016 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	2.53	17.97%
2022-12-31	2.15	-11.63%
2021-12-31	2.43	-33.63%
2020-12-31	3.66	-4.45%
2019-12-31	3.83	-7.72%
2018-12-31	4.15	-26.12%
2017-12-31	5.62	27.33%
2016-12-31	4.42

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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Mahanagar Gas (MGL.NS) - P/B ratio