• Brown & Brown average price/book ratio for 2024 was 4.36, a 20.11% increase from 2023.
• 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.

Price/book ratio can be defined as