• Dow average price/book ratio for 2024 was 1.86, a 8.77% decline from 2023.
• Dow average price/book ratio for 2023 was 1.71, a 3.64% increase from 2022.
• Dow average price/book ratio for 2022 was 1.65, a 26.67% increase from 2021.

Price/book ratio can be defined as