Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is accounting value of assets minus liabilities.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.Compare American to competition
American Price to Book Assessment
Based on latest financial disclosure the price to book indicator of American Independence Large Cap Growth I is roughly 0.0 times. This is 100.0% lower than that of American Independence family, and about the same as Large Growth (which currently averages 0.0) category, The Price to Book for all funds is 100.0% higher than the company.
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American is currently under evaluation in price to book among similar funds.
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