• Analog Devices average price/book ratio for 2023 was 2.4, a 13.21% increase from 2022.
• Analog Devices average price/book ratio for 2022 was 2.12, a 45.5% increase from 2021.
• Analog Devices average price/book ratio for 2021 was 3.89, a 18.6% decline from 2020.

Price/book ratio can be defined as