Table 4: Book to Price vs Intrinsic Value Factor ’98-’20 (CAPM Alpha) Large The above Charts/Tables and our Valuation Beta™ study reference only the live out-of-sample valuation data we ...

Intrinsic value and market value are two distinct ways to value a company. Market value is a measure of how much the market values the company, or how much it would cost to buy it.

If a stock's market value is well above its intrinsic value, ... The price-to-book ratio (P/B) is just one factor to look at in deciding whether a stock is overvalued or undervalued.