From desert estates to midcentury gems, these were the most expensive real estate sales in the nine cities of Greater Palm Springs last year.

Plus: a new cliff-top hotel on a Greek island, an exhibition of Yayoi Kusama and Atsuko Tanaka’s art in New York and more ...

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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.