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16-12-2014, 11:45 AM
Hi specuvestor, in addition to using the simple pb ratio, for serious investing, it is imperative to do valuation of the company shares ie sum of parts and determine the 'exact' pb and hence margin of safety. Personally i realise that doing this exercise will tend to increase my comfort level to purchasing equities both in a down market as well as in a upswing n will more often than not translate to limiting my downside in these cases.