Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. It operates through two business units, Truck and Energy. The Truck business unit develops and commercializes battery hydrogen-electric and battery-electric semi-trucks to the trucking sector. The Energy business unit develops and constructs a network of hydrogen fueling stations; and offers BEV charging solutions for its FCEV and BEV customers, as well as other third-party customers. The company also assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers. Nikola Corporation is headquartered in Phoenix, Arizona.
P/B ratio for Nikola Corporation (NKLA)
P/B ratio as of 2023: 0.97
According to Nikola Corporation's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 0.97. At the end of 2022 the company had a P/B ratio of 1.81.
P/B ratio history for Nikola Corporation from 2017 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | 0.97 |
| 2022 | 1.81 |
| 2021 | 5.65 |
| 2020 | 5.01 |
| 2019 | 13.86 |
| 2018 | 9.32 |
| 2017 | 0.00 |