What is Price-to-Book?
Market cap divided by book value (assets − liabilities). <1x may indicate undervaluation or distress. Financials and asset-heavy companies typically trade near book; asset-light businesses often trade at large premiums.
Market cap divided by book value (assets − liabilities). <1x may indicate undervaluation or distress. Financials and asset-heavy companies typically trade near book; asset-light businesses often trade at large premiums.