• Ericsson average price/book ratio for 2024 was 2.56, a 56.1% increase from 2023.
• Ericsson average price/book ratio for 2023 was 1.64, a 0.61% increase from 2022.
• Ericsson average price/book ratio for 2022 was 1.65, a 46.6% decline from 2021.

Price/book ratio can be defined as