Shoals Technologies (SHLS)

P/B ratio as of September 2024 : 1.77

According to Shoals Technologies's latest financial reports the company has a price-to-book ratio of 1.77.
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.

Shoals Technologies - P/B ratio (from 2021 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	4.85	-48.78%
2022-12-31	9.47	-102.8%
2021-12-31	-338
2020-12-31	N/A
2019-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	differencediff.	Country
Plug Power PLUG	0.6670	-62.29%	🇺🇸 USA

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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Shoals Technologies (SHLS) - P/B ratio