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At close: April 11 at 4:00:02 PM EDT ...

The P/B ratio shows how a stock's market price compares to its book value. It helps gauge whether a stock is undervalued or overvalued relative to its net assets.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple has increased the number of flights carrying consignments of iPhones from India to the US following ...