• Dillard's average price/book ratio for 2024 was 3.26, a 10.51% decline from 2023.
• Dillard's average price/book ratio for 2023 was 2.95, a 6.88% increase from 2022.
• Dillard's average price/book ratio for 2022 was 2.76, a 71.43% increase from 2021.

Price/book ratio can be defined as