• Apple average price/book ratio for 2024 was 50.31, a 15.87% decline from 2023.
• Apple average price/book ratio for 2023 was 43.42, a 10.32% increase from 2022.
• Apple average price/book ratio for 2022 was 39.36, a 13.1% increase from 2021.

Price/book ratio can be defined as