Market Pulse
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analysis · beginner

Price-to-book

Price-to-book compares market price with reported book value per share.

PB is especially common in Indian banking and financial stock analysis.

A PB below one means the market value is less than accounting net assets per share.

Asset quality and return on equity influence whether a low PB is considered justified.

Index and stock screeners on NSE and vendor platforms publish PB alongside PE.

Part of the Market Pulse Term of the Day series — factual market vocabulary, not investment advice.