KINDA...the lower the PE the better, the lower price to book the better..but you have to factor in GROWTH rate too..so compare the two and others in the sector to see who is growing the best and has the best ratios..that is who you buy unless the market thinks otherwise.
Often times the best stock isnt the hot stock..
Lots to consider...
Quick answer-
KINDA...the lower the PE the better, the lower price to book the better..but you have to factor in GROWTH rate too..so compare the two and others in the sector to see who is growing the best and has the best ratios..that is who you buy unless the market thinks otherwise.