What does stock pb mean?

The so-called stock pb refers to the price-to-book ratio of the stock, that is, the ratio of the stock price to the net assets of the stock.

The price-to-book ratio of stocks can mainly reflect whether listed companies have solvency. Therefore, in stock investment, only the creditors of enterprises will pay more attention to the price-to-book ratio of stocks, while stock investors will pay more attention to the price-earnings ratio of stocks.

The trading time of most stocks is: 4 hours, divided into two periods: Monday to Friday from 9: 30am to11:30am and afternoon from13: 00pm to15: 00pm.

From 9: 00 am15 am, investors can place orders, and the entrusted price is limited to10% of the closing price of the previous trading day, that is, between the daily limit and the daily limit. Orders entrusted before 9:25 am are matched at 9:25 am, and the price obtained is the so-called "opening price". Orders placed between 9:25 and 9:30 were not processed until 9:30. If the price you entrust cannot be concluded on the current trading day, you must re-register the order every other trading day.

Rest day: Trading is not allowed on Saturdays, Sundays and rest days announced by Shanghai Stock Exchange. Generally speaking, it is a national legal holiday such as May 1 International Labor Day, National Day, Spring Festival, New Year's Day, Tomb-Sweeping Day, Dragon Boat Festival and Mid-Autumn Festival.

There is a commission (handling fee) for buying and selling stocks. The commission for buying and selling stocks is determined by each securities company (the maximum is 3 ‰ of the transaction amount, and the minimum is not limited. The lower the better). Generally 0.05% of the transaction amount. If the commission is insufficient, 5 yuan will be charged to 5 yuan. Stamp duty is charged for selling stocks: one thousandth of the transaction amount, which used to be 3‰. In 2008, the stamp duty was lowered and unilaterally charged by one thousandth.

From August 1 day, 2005, transfer fees will be charged at 0.02‰ of the transaction amount for the stock trading in Shenzhen and Shanghai. The above fees, less than 1 cent, shall be charged by rounding. There is also a rare cost: the interest of the batch is returned to the principal. It is equivalent to the stockholders giving money to the brokers, and the brokers return the stockholders a certain current interest within a certain period of time.

Transfer fees refers to the fees paid by buyers and sellers for the registration of equity change after the stock and capital transactions entrusted by investors. This income belongs to the income of the securities registration and settlement institution, which is deducted by the securities operation institution in the settlement and delivery era with investors.

Transfer fees's charging standard is: the transfer fees for A-share and fund transactions on the Shanghai Stock Exchange is 1‰ of the transaction face value, and the starting point is 1 yuan, of which 0.5‰ is paid by the securities operating institution to the registered company; The Shenzhen Stock Exchange exempts A shares, funds and bonds from trading and transfer fees.