• Baxter average price/book ratio for 2024 was 2.34, a 20.95% increase from 2023.
• Baxter average price/book ratio for 2023 was 2.96, a 26.91% decline from 2022.
• Baxter average price/book ratio for 2022 was 4.05, a 8.37% decline from 2021.

Price/book ratio can be defined as