Tejas Networks (TEJASNET.NS)

P/B ratio as of September 2024 : 6.69

According to Tejas Networks 's latest financial reports the company has a price-to-book ratio of 6.69.
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.

Tejas Networks - 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	4.92	48.22%
2022-12-31	3.32	37%
2021-12-31	2.42	107.84%
2020-12-31	1.17	60.6%
2019-12-31	0.7259	-51.01%
2018-12-31	1.48	-57.01%
2017-12-31	3.45

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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Tejas Networks (TEJASNET.NS) - P/B ratio