• Apple average price/book ratio for 2023 was 43.47, a 10.33% increase from 2022.
• Apple average price/book ratio for 2022 was 39.4, a 13.09% increase from 2021.
• Apple average price/book ratio for 2021 was 34.84, a 43.61% increase from 2020.

Price/book ratio can be defined as