The P/B ratio shows how a stock's market price compares to its book value. It helps gauge whether a stock is undervalued or overvalued relative to its net assets.

Chandan Mitra is the Editor and Managing Director of The Pioneer. He is also a Rajya Sabha member.

The government has, once again, not been able to enact structural change when afforded an opportunity by the extraordinary circumstances. The current economic growth predictions, although abysmal, can ...