I’m fairly new to the investing game. I’ve been starting to look at companies and try to gain an understanding of their value. I’ve been putting together a spreadsheet with some data that is automatically updated.
I’ve calculated the Price/Book value of McDonalds to -23.63. What does a Negative P/B mean?
This is because the data I’m getting (Yahoo Finance) has MCD’s Book value per share as -8.97. Is this right? What does this value being negative say about MCD?
Since I’m here, the other stock that has similar behavior is HD (Home Depot) with a P/B of -213! Can someone help explain what this means?
MCD Mcdonalds P/B is -23.63. What does that mean? – RobinHood – Reddit Feed
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