Stocks Below Book Value
A stock trades below book value when its price-to-book (P/B) ratio is under 1.0 — meaning the market values the company at less than the net assets on its balance sheet. Benjamin Graham considered P/B below 1.5 a prerequisite for value investing, and stocks at P/B below 1.0 represent the deepest end of that spectrum.
The table below shows the 50 highest-ranked US stocks currently trading below book value, sorted by StockPik's Value Score. Data is sourced directly from SEC EDGAR filings and updated weekly.
| Symbol | Score | Price | P/B |
|---|---|---|---|
| EG | 100 | $320.52 | 0.84 |
| ASB | 100 | $24.48 | 0.82 |
| BHF | 100 | $60.26 | 0.51 |
| WW | 100 | $21.08 | 0.66 |
| AWX | 100 | $2.55 | 0.22 |
| GLRE | 100 | $16.76 | 0.80 |
| TONX | 100 | $3.08 | 0.43 |
| BPOPM | 100 | $25.29 | 0.26 |
| KMPR | 100 | $29.65 | 0.65 |
| LHSW | 100 | $0.16 | 0.70 |
| ENLV | 100 | $1.09 | 0.13 |
| RGA | 100 | $197.99 | 0.96 |
| KROS | 100 | $10.61 | 0.69 |
| PVH | 100 | $63.27 | 0.59 |
| PRU | 100 | $93.03 | 1.00 |
| JXG | 100 | $3.85 | 0.41 |
| JRSH | 100 | $2.90 | 0.58 |
| JAKK | 100 | $19.67 | 0.90 |
| IZM | 100 | $0.88 | 0.66 |
| RDGT | 100 | $0.02 | 0.00 |
| IPST | 100 | $0.28 | 0.01 |
| TLF | 100 | $2.33 | 0.36 |
| CFFI | 100 | $73.00 | 0.91 |
| EDUC | 100 | $1.30 | 0.24 |
| CHR | 100 | $0.90 | 0.02 |
| CBZ | 100 | $26.12 | 0.74 |
| CHSN | 100 | $2.80 | 0.07 |
| CLDT | 100 | $7.50 | 0.48 |
| CLMB | 100 | $20.82 | 0.82 |
| CLW | 100 | $14.86 | 0.29 |
| HNNA | 100 | $9.51 | 0.76 |
| EBS | 100 | $8.33 | 0.83 |
| VIRC | 100 | $6.31 | 0.88 |
| MOS | 100 | $29.58 | 0.78 |
| HAO | 100 | $1.11 | 0.15 |
| DOMH | 100 | $3.10 | 0.24 |
| DXC | 100 | $11.67 | 0.63 |
| HGBL | 100 | $1.36 | 0.71 |
| CYRX | 100 | $8.21 | 0.81 |
| MT | 100 | $49.98 | 0.67 |
| UVSP | 100 | $32.76 | 0.98 |
| DSWL | 100 | $3.07 | 0.48 |
| PSHG | 100 | $1.92 | 0.08 |
| MHK | 100 | $98.23 | 0.72 |
| CTRM | 100 | $1.78 | 0.03 |
| SWKH | 100 | $16.75 | 0.86 |
| GVH | 100 | $1.40 | 0.21 |
| ICLR | 100 | $102.08 | 0.88 |
| NUS | 100 | $7.14 | 0.43 |
| VNCE | 100 | $2.37 | 0.59 |
What does trading below book value mean?
Book value is a company's total assets minus its total liabilities — what shareholders would theoretically receive if the business were liquidated today. When a stock trades below book value, the market is pricing the company at less than its net asset value.
This can happen for legitimate reasons: the market may expect future losses, the assets may be difficult to liquidate, or management may have a poor track record of generating returns. But it can also indicate genuine undervaluation — particularly when the business is profitable, has low debt, and the P/B discount has no obvious fundamental justification.
Graham used P/B below 1.5 as a starting screen, not a buy signal on its own. The stocks above that also pass stricter filters — positive earnings, reasonable P/E, and improving financial quality as measured by the Piotroski F-Score.
For a deeper look at what constitutes a good price-to-book ratio across different industries, see our guide: What Is a Good Price to Book Ratio?
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