price/book value ratio

price/book value ratio definition - finance
The price of a stock divided by the estimated year-end book value per share. This ratio has gained in popularity in recent years in the banking industry. Most bank assets, such as commercial accounts and loans, are valued equal to book value.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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