Price to Book (P/B)
Price to Book ratio is a ratio of a stock’s market price to the book value of a company's assets, as expressed on its balance sheet. It indicates a company’s growth prospects, and is used to compare a stock’s market value to its book value. A lower P/B is generally considered better when being compared in relation to its peer groups and benchmarks, as it could indicate that the stock is undervalued.
Calculated as: Last closing price ÷ latest book value.