The P/B ratio shows how a stock's market price compares to its book value. It helps gauge whether a stock is undervalued or overvalued relative to its net assets.
Santos has effectively stalled plans for a Western Australian oil and gas project worth over A$3 billion ($1.87 billion), sending minority partner Carnarvon Energy's , shares tumbling on Tuesday.
Both Kylie, 27, and Lily-Rose, 25, were in the French capital to watch the Chanel Haute Couture Spring-Summer 2025 show - but it's unsure if they actually came into contact with one another.