Is Ardmore Shipping (ASC) Stock Undervalued Right Now?

Investors should also recognize that ASC has a P/B ratio of 0.69. 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. ASC's current P/B looks attractive when compared to its industry's average P/B of 1.40. Over the past year, ASC's P/B has been as high as 1.32 and as low as 0.57, with a median of 0.74. Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This ...