A stock at or near its 52-week low price; High insider ownership; With that in mind, we look at 3 cheap stocks trading below their book values and see if they may interest Walter Schloss. #1 QAF Limited . QAF is a multi-industry food company with core businesses in Bakery, Primary Production, and Trading and Logistics. It is involved in bakery operations, pork production, food processing and If the price-to-book value (P/B) of a stock is ‘3x’, it means an investor is paying three times the book value to buy that stock. On BSE, several otherwise popular stocks are currently trading at price-to-book value ratios below 1, meaning the stock prices have fallen below net asset values of these companies.