P/B

Price / book value

One of the 61 measures in Stock Scorer, under Valuation — What does the price ask for what the company earns, owns and pays out?

How it is worked out

Market capitalisation ÷ shareholders' equity

Price against book value, the owners' accounting stake. Informative where the assets are physical — mines, property, ships — and much less so where the value is people and software, neither of which appears on a balance sheet.

How to read it

market cap over shareholders' equity. Says little about a company whose value is people and software, since neither is on the balance sheet; says a lot about one holding mines or property

Which figures it needs

Computed from 1 figure taken from the filing:

• equity

The XBRL tags behind it

These are the element names looked for in a filing, in order. The first one a company reports is the one used, and the company page names which it was — so any figure here can be checked against the filing it came from.

• StockholdersEquity
• StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
• EquityAttributableToOwnersOfParent
• Equity

Whether it counts

This measure is not counted by default. It can be added to Valuation on the dashboard, and it then takes its share of that dimension.