Not exact matches
They like to buy stocks with
low ratios of stock price to
per -
share earnings, cash flow, sales and
book value.
They include unusually high dividend yields, unusually
low per -
share price - to - earnings or P / E ratios, or a
low ratio of stock price to
book value or other measures of
per share value.
When we find a stock with a
low price - to -
book value, we look to see if the price is too
low, or if its
book value per share is inflated.
Tweedy Browne set out DeBondt and Thaler's findings in Table 3 below, which describes the average earnings
per share for companies in the
lowest and highest quintile of price - to -
book value in the three years prior to selection and the four years subsequent to selection: