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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.