What is Price-to-book ratio? How Useful is this ratio?

MARKET RATIO:Price-to-book ratio

One of the business ratio analysis which we often come across is the Price-to-book ratio.

Append below in summary what is this market ratio is all about:-

Ratio
Purpose
Formula

Price-to-book ratio (P/B ratio)

Measures the value that the stock market places on a company relative to its book value.
Also known as price-equity ratio

Frequently used by investors to find [...]

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