• American average price/book ratio for 2024 was 1.05, a 20.69% decline from 2023.
• American average price/book ratio for 2023 was 0.87, a 1.16% increase from 2022.
• American average price/book ratio for 2022 was 0.86, a 43.33% increase from 2021.

Price/book ratio can be defined as