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Do Low Valuation Multiples Make These Banking Stocks Attractive?

Andrew Brunton
Do Low Valuation Multiples Make These Banking Stocks Attractive?

The price-to-book value (or PB) ratio is considered to be the ideal multiple to value companies that have a significant amount of liquid/tangible assets on their books such as finance, banking, insurance investment, and manufacturing companies. The ratio compares a company’s current market price to its book value.