Diamond Offshore Drilling, Inc. (DO) Social Stream

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$VAL $RIG $DO $PACD $NE It's crazy how low P/B value is in this industry. When I compare what this means. Look Valaris has P/B ratio of 0.01 (finviz). This means for 1$ in stock price I can buy 100$ worth in equity. This is like you are buying a chair for 1$ which is worth 100$. Maybe you say debt but equity is already assets - liabilities. So the debt is already included in this calculation.