• Alibaba average price/book ratio for 2024 was 1.4, a 11.39% increase from 2023.
• Alibaba average price/book ratio for 2023 was 1.58, a 5.95% decline from 2022.
• Alibaba average price/book ratio for 2022 was 1.68, a 44% decline from 2021.

Price/book ratio can be defined as