" If you believe that the share price is a live valuation then why isnt every stocks price to book ratio"
Because the accounting value of the assets is pretty much irrelevant. Its the cash they generate that counts.
Look at the fortune Rio are making from their long written off initial iron infrastructure. Worth a lot more than 0. No?
almost there, page-66
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Last
32.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $388.8M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.0¢ | 32.0¢ | $309.9K | 956.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 100000 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |