For all those worried about gruh price to book just consider a hypothetical situation where gruh dilutes equity at current rates to the tune of 30% and then calculate the book value then arrived at. It will in all probability look extremely cheap. But since it has very high ROE, it doesnt need to dilute equity.
Plus it pays out 30% of profits as dividends which restricts book value growth.
As mentioned before in the post, gruh has to be evaluated on a PE basis, rather than getting stuck with price to book.
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