Question
Compare the price-to-book (P/B) ratios of Berkshire Hathaway Inc. and JPMorgan Chase & Co. for the fiscal year 2023: Company Berkshire Hathaway Inc. JPMorgan Chase
Compare the price-to-book (P/B) ratios of Berkshire Hathaway Inc. and JPMorgan Chase & Co. for the fiscal year 2023:
Company | Berkshire Hathaway Inc. | JPMorgan Chase & Co. |
Market Price per Share | $400 | $150 |
Book Value per Share | $300 | $100 |
Price-to-Book (P/B) Ratio |
Question:
Calculate the price-to-book (P/B) ratio for both Berkshire Hathaway Inc. and JPMorgan Chase & Co. Which company has a higher P/B ratio?
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Ethical Obligations and Decision Making in Accounting Text and Cases
Authors: Steven Mintz, Roselyn Morris
4th edition
978-1259543470, 1259543471, 978-1259730191
