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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
DOMH 100 $3.10 0.24
ACCO 100 $3.76 0.51
ACCS 100 $6.69 0.87
RM 100 $35.36 0.87
AHL 100 $37.50 0.67
NISN 100 $1.45 0.03
BPOPM 100 $25.32 0.26
AIG 100 $76.11 1.00
BSET 100 $14.41 0.76
AII 100 $17.07 1.00
NA 100 $1.65 0.31
TRS 100 $38.03 0.94
CAAS 100 $4.67 0.35
CFFI 100 $76.01 0.95
CHR 100 $1.80 0.05
CISS 100 $3.48 0.02
ASB 100 $27.22 0.90
NUS 100 $5.93 0.36
NC 100 $48.99 0.84
LIVE 100 $13.25 0.43
LHSW 100 $0.22 0.98
LGCL 100 $1.80 0.11
CTRM 100 $2.02 0.04
LAB 100 $1.02 0.71
KROS 100 $12.07 0.79
CBZ 100 $30.91 0.88
MOS 100 $24.57 0.65
MHK 100 $102.40 0.75
JXG 100 $3.95 0.42
SFWL 100 $0.87 0.54
GLRE 100 $17.80 0.80
GBX 100 $47.94 0.95
EG 100 $358.42 0.93
TLF 100 $2.35 0.41
GVH 100 $4.09 0.62
EBS 100 $8.15 0.80
HAO 100 $0.71 0.10
HDSN 100 $5.30 0.92
GSL 100 $38.02 0.76
HG 100 $31.55 0.77
HLLY 100 $2.51 0.67
HGBL 100 $1.33 0.68
HOG 100 $23.73 0.82
HNNA 100 $10.20 0.81
DTST 100 $4.03 0.21
EBMT 100 $22.55 0.94
IZM 100 $0.38 0.28
JCSE 100 $1.11 0.38
KSS 100 $13.06 0.36
THRY 100 $3.41 0.67

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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