• Brown & Brown average price/book ratio for 2023 was 3.63, a 8.1% increase from 2022.
• Brown & Brown average price/book ratio for 2022 was 3.95, a 2.86% decline from 2021.
• Brown & Brown average price/book ratio for 2021 was 3.84, a 19.63% increase from 2020.

Price/book ratio can be defined as