The Rawlings Bat Factory in Dolgeville, New York, Schumer’s home state, historically has turned out thousands of baseball bats made of ash wood, bats favored by many professional players.

“What we have been able to do through this study is a tremendous achievement,” said investigator Haydar Frangoul of the Sarah Cannon Research Institute, who presented the results at ASH.

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.