Value Stocks are the Cheapest Versus Growth in 15 years

Fans of cheaper equities that pay higher dividends can rejoice. Based on their forward price-to-book ratios, value shares globally are trading in the lowest price-to-book ratio zone relative to growth stocks since at least 2004, according to data compiled by Bloomberg.  Price-to-Book (P/B) Ratio reflects the value that market participants attach to a company’s equity relative to its book value of equity, and is calculated by dividing market price per share by book value per share.