5 Low Price-to-Book Stocks Worth Considering in October
In value investing, it is a common practice to pick stocks that are cheap but fundamentally strong. There are a number of investment styles to cater to investors looking for the best value stocks.
Among them, the price-to-book ratio (P/B ratio) is an easy-to-use tool for identifying low-priced stocks that have high-growth prospects.
The P/B ratio is used to calculate how much an investor needs to pay for each dollar of book value of a stock. It is calculated by dividing the current closing price of the stock by the latest quarter’s book value per share.
P/B ratio = market capitalization/book value of equity.
The P/B ratio helps identify low-priced…
