The P/B ratio shows how a stock's market price compares to its book value. It helps gauge whether a stock is undervalued or overvalued relative to its net assets.

Waxman is a staff writer at TIME in the Entertainment section. She also covers all things History. More From TIME ...

Forecast issued at 4:25 pm CST on Wednesday 7 May 2025. The chance of fog and frost in the morning. Sunny afternoon. Light winds. Overnight temperatures falling to around 3 with daytime temperatures ...