I bake a lot of sourdough bread — over 1,000 loaves in the last four years. Every six days or so, I pull four one-kilogram loaves out of my oven, piling my counter high with deep-brown batards that I ...

The P/B ratio shows how a stock's market price compares to its book value. It helps gauge whether a stock is undervalued or overvalued relative to its net assets.