• Brown & Brown average price/book ratio for 2024 was 4.39, a 21.27% increase from 2023.
• Brown & Brown average price/book ratio for 2023 was 3.62, a 8.12% increase from 2022.
• Brown & Brown average price/book ratio for 2022 was 3.94, a 2.87% decline from 2021.

Price/book ratio can be defined as