Is Eldorado Gold (EGO) Stock Undervalued Right Now?

Another notable valuation metric for EGO is its P/B ratio of 0.96. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 1.41. EGO's P/B has been as high as 0.98 and as low as 0.51, with a median of 0.72, over the past year. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify compan ...