5 Low Price-to-Book Value Stocks to Buy as 2024 Draws to a Close

Value investors, over the years, have preferred price-to-earnings ratio or P/E as a means to identify value stocks. However, in the case of loss-making companies that have a negative price-to-earnings ratio, the price-to-sales or P/S ratio is considered in determining their true value.However, the price-to-book ratio (P/B ratio), though used less often, is also an easy-to-use valuation tool for identifying low-priced stocks with great returns.The P/B ratio is calculated as below:P/B ratio = market capitaliz ...