Finally, it is important to point out that, in these studies, value stocks are defined as companies with high book equity to market value (book - to - market). (euclidean.com)
The charts that follow represent one of the most widely researched approaches to value investing, where a value stock is defined as one having high book equity to market equity. (euclidean.com)
Other alternative indexes were fundamental - weighted, so they give more influence to firms with value characteristics like high book - to - market ratios or high dividend yields. (moneysense.ca)