ECONOMYNEXT – Colombo’s All Share Price Index (ASPI) rose 0.74 percent on Monday, pushed in part by banking shares, brokers said. The broader ASPI ended 125.03 points higher at 16,979.89. The more ...

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.