<p> The price-to-book ratio has a problem. Accounting distortions are causing record numbers of U.S. companies to report negative book value and more and more cheap companies to be defined as expensive growth companies (Veiled Value Stocks). Join us on this "What Works on Wall Street" podcast to learn more.</p>

The price-to-book ratio has a problem. Accounting distortions are causing record numbers of U.S. companies to report negative book value and more and more cheap companies to be defined as expensive growth companies (Veiled Value Stocks). Join us on this "What Works on Wall Street" podcast to learn more.

Negative Equity, Veiled Value, and the Erosion of Price-to-Book (EP.05)

Hosted by Jim O'Shaughnessy, author and legendary investor (Forbes.com), the goal of the What Works on Wall Street podcast is to make the sometimes arcane-sounding language of the investment world more simple and approachable for our listeners. In each episode, Jim talks openly with professional investors (portfolio managers, analysts, researchers, authors) who are willing to share what they've learned with you. Learn more and stay up-to-date at osam.com/podcast

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Negative Equity, Veiled Value, and the Erosion of Price-to-Book (EP.05)

Negative Equity, Veiled Value, and the Erosion of Price-to-Book (EP.05)