Compare the price-to-book (P/B) ratios of Berkshire Hathaway Inc. and JPMorgan Chase & Co. based on the
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Question:
Compare the price-to-book (P/B) ratios of Berkshire Hathaway Inc. and JPMorgan Chase & Co. based on the following financial data:
Item | Berkshire Hathaway Inc. | JPMorgan Chase & Co. |
Market Price per Share | $400.00 | $120.00 |
Book Value per Share | $300.00 | $50.00 |
Question:
Which company has a higher price-to-book (P/B) ratio? Calculate the P/B ratio for each company and compare.
Expert Answer:
Related Book For 
Fundamental Financial Accounting Concepts
ISBN: 9781260786583
11th Edition
Authors: Thomas P. Edmonds
Posted Date:
