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Negative Equity, Veiled Value, and the Erosion of Price-to-Book (EP.05) artwork
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Negative Equity, Veiled Value, and the Erosion of Price-to-Book (EP.05)

What Works on Wall Street Podcast by Jim O'Shaughnessy

May 8, 201832:21Business

The price-to-book ratio has a problem. Accounting distortions are causing record numbers of U.S. companies to report negative book value and more and more cheap companies to be defined as expensive growth companies (Veil...