The format is designed for Kodak cameras to store uncompressed RAW images in their original form without auto color and white balance correction. The file has a TIFF-structure that allows you to edit the color temperature and exposure of the finished image without losing information and quality, which is something that cannot be done with JPEG format images.
PBM is a Portable image in black and white. Can be opened with programs: Adobe Photoshop CS, ACD Systems Canvas 15, ACD Systems ACDSee 17, Newera Graphics Converter Pro, Corel PaintShop Pro X6. File contains 1 bit per pixel. PBM is a kind of file format PPM. And can be readable or binary.