Trainline (TRN.L) - P/B ratio

P/B ratio as of December 2025 : 3.03

According to Trainline's latest financial reports the company has a price-to-book ratio of 1.93607.
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.

Trainline - P/B ratio (from 2019 to 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	N/A	-100%
2024-12-31	6.00	22.29%
2023-12-31	4.90	-3.51%
2022-12-31	5.08	4.82%
2021-12-31	4.85	-28.27%
2020-12-31	6.76	-8.18%
2019-12-31	7.36

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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