• Popular average price/book ratio for 2024 was 1.21, a 24.74% increase from 2023.
• Popular average price/book ratio for 2023 was 0.97, a 21.14% increase from 2022.
• Popular average price/book ratio for 2022 was 1.23, a 29.47% decline from 2021.

Price/book ratio can be defined as