• rab@lemmy.ca
    link
    fedilink
    arrow-up
    12
    arrow-down
    3
    ·
    9 months ago

    That probably means it’s a good time to buy the stock tbh

    • Justas🇱🇹@sh.itjust.works
      link
      fedilink
      arrow-up
      29
      arrow-down
      2
      ·
      9 months ago

      Not really. It still has a price to book ratio of 9.10, which is still ridiculous for a car company.

      For comparison:

      Toyota is 1.21

      Ford is 1.05

      Honda is 0.66

      VW is 0.38

      Nissan is 0.36

      The price-to-book ratio, or P/B ratio, is a financial ratio used to compare a company’s current market value to its book value (where book value is the value of all assets minus liabilities owned by a company).

    • neptune@dmv.social
      link
      fedilink
      English
      arrow-up
      3
      ·
      9 months ago

      I think it just means it’s over valuation started to end coinciding with the calendar year