• Equifax average price/book ratio for 2023 was 6.18, a 0.65% increase from 2022.
• Equifax average price/book ratio for 2022 was 6.14, a 25.12% increase from 2021.
• Equifax average price/book ratio for 2021 was 8.2, a 23.49% decline from 2020.

Price/book ratio can be defined as