Price / Book
Market capitalization divided by the accounting value of shareholders' equity.
How to read it
Most useful for banks and asset-heavy businesses; for software and brands, the valuable assets are not on the balance sheet.
How to use it
Most useful for banks, insurers and asset-heavy businesses.
In Kereon
Kereon shows this figure as its data vendor publishes it and does not recompute it, so the vendor's exact inputs — which period's earnings, which balance sheet, which adjustments — are not visible here. The calculation above is the standard definition.
Also called: price / book, p/b, price to book.