| ▲ | verbify 8 hours ago | |
Companies always trade at a premium to book, so how would that work? | ||
| ▲ | lmm 3 hours ago | parent | next [-] | |
Some companies trade at a discount to book value (very normal for banks, for example, especially those from e.g. Pakistan). | ||
| ▲ | missedthecue 7 hours ago | parent | prev [-] | |
Last year Chegg was trading below net cash (meaning their market cap was smaller than cash in the bank minus debt). Might still be, I haven't checked in a while. There were maybe a hundred on the Tokyo stock exchange trading below net cash. | ||