• Amazon average price/book ratio for 2023 was 7.46, a 14.25% increase from 2022.
• Amazon average price/book ratio for 2022 was 8.7, a 38.08% decline from 2021.
• Amazon average price/book ratio for 2021 was 14.05, a 19.85% decline from 2020.

Price/book ratio can be defined as