• Edison average price/book ratio for 2023 was 1.41, a 11.9% increase from 2022.
• Edison average price/book ratio for 2022 was 1.26, a 9.57% increase from 2021.
• Edison average price/book ratio for 2021 was 1.15, a 5.5% increase from 2020.

Price/book ratio can be defined as