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.

Ah, but to my way of thinking Buffett is enticing us in the letter to consider whether the intrinsic value of his company's shares are actually a premium that places their value at more than ...

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.