Weed stocks barely trading over book value
$Cronos Group (CRON.US)$ versus $Tilray Brands (TLRY.US)$ versus $Canopy Growth (CGC.US)$
P/B= book value ratio = (price per share)/(net assets per share)
Lets say a stock is $10 and it has a book value ratio of 2.0. That means for every share, the company possesses $5 in net assets. when book value ratio is less than 1, it means that there are more net assets for each share than what the stock costs. In theory, you could buy the company outright, sell the assets and pay off liabilities and end up with a profit.
P/B= book value ratio = (price per share)/(net assets per share)
Lets say a stock is $10 and it has a book value ratio of 2.0. That means for every share, the company possesses $5 in net assets. when book value ratio is less than 1, it means that there are more net assets for each share than what the stock costs. In theory, you could buy the company outright, sell the assets and pay off liabilities and end up with a profit.
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I block accounts with no name, pic, trading history or posts that try to follow me. Sorry hedges
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