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Why PBV < 1 may not be cheap

Why PBV < 1 may not be cheap

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donmihaihai Offline
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#11
05-09-2023, 09:38 AM
What about Maybank? Current market cap about the same as 2014 but bv close to double
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i4value Offline
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#12
06-09-2023, 09:28 AM
Actually I have confidence in Bank Negara oversight and as such I think that any Bursa bank that trades below its book value is worth a deeper look.

I don't think you should look at "cheapness" by comparing current multiple relative to some historical multiple. Business prospects may not be the same.
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