• Apple average price/book ratio for 2024 was 50.25, a 15.89% decline from 2023.
• Apple average price/book ratio for 2023 was 43.36, a 10.3% increase from 2022.
• Apple average price/book ratio for 2022 was 39.31, a 13.12% increase from 2021.

Price/book ratio can be defined as