Book value is not as important as the P/E and size effect, according to Professors Fama and French.

Name: Book value is not as important as the P/E and size effect, according to Professors Fama and French.
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Professors Fama and French maintain that the ratio of book value to market value and size are more important than P/E ratios, leverage, or other variables in explaining stock market performance.

Book Value Is Not as Important as the P/E and Size