• Equifax average price/book ratio for 2024 was 6.97, a 12.97% decline from 2023.
• Equifax average price/book ratio for 2023 was 6.17, a 0.65% increase from 2022.
• Equifax average price/book ratio for 2022 was 6.13, a 25.15% increase from 2021.

Price/book ratio can be defined as