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    • The long-run performance of brazilian stocks traded below book value 

      Santos, Leandro da Rocha; Montezano, Roberto M.
      2017-04
      The price-to-book ratio (stock prices divided by book value per share) is a commonly used a valuation metric to screen for under-or overvalued stocks. Empirical evidence suggests that low price-to-book stocks (i.e., value ...