P/B

$$\frac{\text{Market cap}}{\text{Equity}}$$

Price-to-book. Most useful for capital-intensive businesses where book value approximates replacement cost.

Direction: Lower better Category: valuation

Inputs (XBRL fallback chains):

• equity: StockholdersEquity -> StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

Returns None when: Returns None when market cap is missing or equity ≤ 0.

Source code

Implementation: pb_ratio in src/eqtytrk/metrics/ratios.py (or valuation.py for multiples).