What does PB mean?

PB in finance typically refers to Price-to-Book ratio, which is a measure used to evaluate a company's stock price in relation to its book value. The PB ratio is calculated by dividing the current market price per share by the book value per share. It is used by investors to determine if a stock is undervalued or overvalued based on the company's financial health and assets. A low PB ratio may indicate that a stock is undervalued, while a high PB ratio may suggest that it is overvalued. However, it is important to consider other factors and use PB ratio in conjunction with other financial metrics when making investment decisions.