**Calculating Price-to-Book Ratio (P/B) for Company Valuation**
The price-to-book (P/B) ratio is a financial metric used to evaluate a company's value. It compares the market value of a company's equity to the book value of its assets. A high P/B ratio indicates that investors are willing to pay a premium for the company's earnings, while a low P/B ratio suggests that the company is undervalued. This prompt provides a step-by-step guide on how to calculate a company's P/B ratio, which can be useful for investors and analysts seeking to assess a company's financial performance and valuation.
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