• ADT average price/book ratio for 2023 was 1.72, a 13.13% increase from 2022.
• ADT average price/book ratio for 2022 was 1.98, a 17.5% decline from 2021.
• ADT average price/book ratio for 2021 was 2.4, a 36.36% decline from 2020.

Price/book ratio can be defined as