The price to book (P/BV) ratio of asset i is defined thus:

\text{P/BV}_{i} = \frac{P_{i}}{BV_{i}} |

where:

P_{i} is the estimated fair value of asset i

\textit{BV}_{i} is the 5-year trailing average book value of asset i

The price to book (P/BV) ratio of asset i is defined thus:

\text{P/BV}_{i} = \frac{P_{i}}{BV_{i}} |

where:

P_{i} is the estimated fair value of asset i

\textit{BV}_{i} is the 5-year trailing average book value of asset i

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