Torrent Power (TORNTPOWER.NS)

P/B ratio as of September 2024 : 6.99

According to Torrent Power's latest financial reports the company has a price-to-book ratio of 6.99.
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.

Torrent Power - P/B ratio (from 2013 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	3.63	77.06%
2022-12-31	2.05	-18.42%
2021-12-31	2.52	59.71%
2020-12-31	1.58	13.21%
2019-12-31	1.39	-7.12%
2018-12-31	1.50	-21.1%
2017-12-31	1.90	50.03%
2016-12-31	1.27	14.16%
2015-12-31	1.11	-3.17%
2014-12-31	1.14	23.26%
2013-12-31	0.9288

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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Torrent Power (TORNTPOWER.NS) - P/B ratio