• APA average price/book ratio for 2024 was 1.75, a 67.17% decline from 2023.
• APA average price/book ratio for 2023 was 5.33, a 44.54% decline from 2022.
• APA average price/book ratio for 2022 was 9.61, a 60.32% decline from 2021.

Price/book ratio can be defined as