• Dillard's average price/book ratio for 2023 was 3.13, a 6.46% decline from 2022.
• Dillard's average price/book ratio for 2022 was 2.94, a 71.93% increase from 2021.
• Dillard's average price/book ratio for 2021 was 1.71, a 222.64% increase from 2020.

Price/book ratio can be defined as