Price to Book breakdown for DoverPrice 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.
Dover Price to Book Assessment
Based on latest financial disclosure the price to book indicator of Dover Downs Gaming Entertainment Inc is roughly 0.51 times. This is 95.84% lower than that of Services sector, and 98.83% lower than that of Gaming Activities industry, The Price to Book for all stocks is 91.25% higher than the company.
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Price to Book ComparisonDover is rated below average in price to book category among related companies.
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