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What is Price-to-Book ratio in stock valuation? How to calculate, use and more queries answered
Credit: IndiaTimes- Published on March 1, 2024
The Price-to-Book (PB) ratio is a comparative metric used to evaluate a stock's value. It indicates if a stock is undervalued or overvalued compared to industry peers and historical data. However, PB ratio has limitations, especially for sectors with intangible assets.