While euro area banks price-to-book ratios
have recovered from the lows of mid-2016, the gap between euro area and U.
According to the firm, the John Hancock Value Equity Fund invests primarily in common stocks of value-oriented companies, which generally have, among other characteristics, lower price-to-book ratios
, lower forecasted growth values, and higher dividend yields relative to the broader market.
Extending prior research, we find that the presence of medical doctors on the boards of directors is associated with higher price-to-book ratios
and firm values.
Japanese companies' price-earnings and price-to-book ratios
are so low that for portfolio investors, the risk is not investing in Japan.
EXHIBIT AVERAGE PRICE-TO-BOOK RATIOS
, SEPTEMBER 2, 2002 Sample Ratio Large widely 4.
Investors had asked for a discount because Nanya's shares had risen more than 30% since the beginning of the year to price/earnings and price-to-book ratios
, exceeding larger firms in the sector such as Micron Technology and Infineon.
We studied five years of data, including market values, returns on assets, returns on equity, price-to-book ratios
, price-to-earnings ratios and revenue growth.
Growth funds, on the other hand, generally have very high price-to-book ratios