as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
how come we can find stocks with a price-to-book ratio less than 1?
user
a lower price/book value means company is undervalued. it could also mean something horribly wrong. while it may look like a good deal, remember;
assistant