Price-To-Book: Are Intangibles Safe? Not NetflixRupert Hargreaves
The price-to-book ratio is for the most part a completely useless valuation method. Indeed, unless calculated personally, with a keen eye for detail and rigorous analysis of company finances, the ratio can be highly misleading.
Reasons for wrong price-to-book valuation
There are basically three main reasons why the price-to-book valuation . . .
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