The P/B ratio shows how a stock's market price compares to its book value. It helps gauge whether a stock is undervalued or overvalued relative to its net assets.

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The demand notice was issued after the bank’s GST filings were audited annually. Officials found discrepancies in the filings that resulted in the tax claim.

In the rugged highlands of Papua New Guinea’s Chuave district, where roads are often mere tracks and basic services are a distant dream, a quiet revolution is underway.