• Blackstone average price/book ratio for 2023 was 4.36, a 31.33% increase from 2022.
• Blackstone average price/book ratio for 2022 was 3.32, a 5.95% increase from 2021.
• Blackstone average price/book ratio for 2021 was 3.53, a 34.22% decline from 2020.

Price/book ratio can be defined as