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When an equity sell ??times book value, I realize the lower the number (amount) is better .?
How high is too high? XOM is 2.5 times book value and HSY is 18 times book value. Both good stocks w/ good dividends.
2 Answers
- cactusgeneLv 78 years agoFavorite Answer
Forget the book value as a reliable investment indicator. Book value is an artificial number required for tax purposes and tells you nothing about the market value of the assets or the company's earnings power and rate of growth.
- 4 years ago
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