Europe’s Biggest Banks Are Worth More on Paper These Days: Chart

Among Europe’s largest lenders, Deutsche Bank AG and UniCredit SpA have the weakest price-to-book ratio, which measures the stock price against the value of assets minus liabilities. Both banks have been seeking ways to boost capital buffers and profitability to reverse a slump in their shares, which has left them trading at less than what investors would expect to receive if the firms liquidated assets. Britain’s Lloyds Banking Group Plc is the only of the 10 largest banks by assets that’s trading above book value.