• Apple average price/book ratio for 2023 was 43.52, a 10.34% increase from 2022.
• Apple average price/book ratio for 2022 was 39.44, a 13.07% increase from 2021.
• Apple average price/book ratio for 2021 was 34.88, a 43.6% increase from 2020.

Price/book ratio can be defined as