• Dow average price/book ratio for 2024 was 1.94, a 3.19% decline from 2023.
• Dow average price/book ratio for 2023 was 1.88, a 0% increase from 2022.
• Dow average price/book ratio for 2022 was 1.88, a 27.41% decline from 2021.

Price/book ratio can be defined as