Do you know some large cap companies that trade significantly below their book value (excluding banks)?
I know two of them – ArcelorMittal (price to tangible book value of 0.4) and Maersk (0.62) but I'm interested in finding out if there are other such companies. I'm not saying they're undervalued (I'm not buying Maersk or Mittal now), just looking for stocks for analysis.
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