Trio Petroleum
TPET
Trio Petroleum (TPET) - P/B ratio
P/B ratio as of May 2024 : 1.20
According to Trio Petroleum's latest financial reports the company has a price-to-book ratio of 1.20.
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.
Trio Petroleum - P/B ratio (from 2023 to 2024)
P/B ratio by year
| Year | P/B ratio | Change |
|---|---|---|
| 2024-12-31 | N/A | -100% |
| 2023-12-31 | 0.9795 | |
| 2022-12-31 | N/A |