What is a good price to book ratio?
In absolute terms, a P/B ratio under 1.0 is considered low. Traditionally, any value under 1.0 is considered a good P/B value, indicating a potentially undervalued stock. However, value investors often consider stocks with a P/B value under 3.0. P/B ratio examines market capitalization in relation to the bookvalue of a company as shown on its balance sheet.
Find attached a list of the 20 cheapest long-term dividend growth stocks by price-to-book ratio.
| Ticker | Company | P/E | Fwd P/E |
P/S | P/B | Dividend |
| TDS | Telephone and Data Systems, Inc. | - | 38.43 | 0.63 | 0.74 | 2.26% |
| UVV | Universal Corporation | - | - | 0.61 | 0.95 | 4.40% |
| UBSI | United Bankshares, Inc. | 17.98 | 13.23 | 5.97 | 1.12 | 3.94% |
| PBCT | People's United Financial, Inc. | 19.59 | 13.3 | 5.05 | 1.13 | 3.72% |
| NC | NACCO Industries, Inc. | 10.14 | - | 2.48 | 1.17 | 1.77% |
| ORI | Old Republic International | 10.16 | 11.1 | 0.94 | 1.2 | 3.63% |
| THFF | First Financial Corporation | 14.96 | 12.26 | 4.71 | 1.28 | 2.35% |
| ADM | Archer-Daniels-Midland Company | 24.26 | 14.48 | 0.42 | 1.39 | 2.96% |
| AFL | Aflac Incorporated | 12.23 | 10.94 | 1.61 | 1.42 | 2.33% |
| CINF | Cincinnati Financial Corporation | 22.2 | 21.54 | 2.14 | 1.46 | 2.88% |
| ABM | ABM Industries Incorporated | 26.96 | 13.62 | 0.38 | 1.5 | 2.17% |
| CTBI | Community Trust Bancorp, Inc. | 16.43 | 13.49 | 5.25 | 1.51 | 2.91% |
| MCY | Mercury General Corporation | 19.93 | 16.02 | 0.78 | 1.51 | 5.20% |
| CVX | Chevron Corporation | 31.71 | 18.95 | 1.74 | 1.53 | 3.74% |
| T | AT&T Inc. | 23.65 | 10.13 | 1.36 | 1.54 | 5.69% |
| ED | Consolidated Edison, Inc. | 3.49 | 17.21 | 1.99 | 1.54 | 3.73% |
| BEN | Franklin Resources, Inc. | 10.32 | 9.91 | 2.91 | 1.55 | 2.78% |
| UMBF | UMB Financial Corporation | 19.6 | 14.83 | 6.02 | 1.65 | 1.59% |
| BKH | Black Hills Corporation | 5.82 | 15.31 | 1.72 | 1.65 | 3.58% |
| CBU | Community Bank System, Inc. | 24.43 | 17.49 | 8.52 | 1.67 | 2.53% |
This is only a small part of the full Dividend Yield Investor Fact Book Package. The full package contains excel sheets of essential financial ratios from all 113 Dividend Champions (over 25 years of constant dividend growth) and 204 Dividend Contenders (10 to 24 years of consecutive dividend growth). It's an open version, so you can work with it very easily.
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