How come we can find stocks with a Price-to-Book ratio less than 1?
A lower Price/Book Value means company is undervalued. It could also mean something horribly wrong. While it may look like a good deal, remember;
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction:
How come we can find stocks with a Price-to-Book ratio less than 1?

### Response:
A lower Price/Book Value means company is undervalued. It could also mean something horribly wrong. While it may look like a good deal, remember;