Fund Manager, Robert Lancastle, discusses the evolving corporate governance, the rise of sub-price-to-book businesses, and the untapped potential in the 'forgotten middle’ of Japanese equities. Despite demographic challenges, there are unique opportunities within the Japanese equity market. Watch now as Robert shares his insights.

Earnings Per Share (EPS): A company’s total earnings divided by the current number of shares outstanding. EPS gauges the profitability of the company from the view of the shareholders. It is used to calculate the price-to-earnings ratio P/E.

Price-to-Book (P/B): A financial ratio calculated as current share price divided by book value per share. It compares how the market values a company to the value on the company’s books. For example a company trading at several times its book value tends to indicate a growth stock where investors believe the book value will rise in the future. Typically a company with a low P/B means that investors think that the firm´s assets have been too highly valued on its financial statements.
 

For the full discussion watch now on Asset TV and earn one hour of CFP and CIMA CE credit: here