• Exponent average price/book ratio for 2023 was 13.04, a 7.71% increase from 2022.
• Exponent average price/book ratio for 2022 was 14.13, a 7.05% decline from 2021.
• Exponent average price/book ratio for 2021 was 13.2, a 15.28% increase from 2020.

Price/book ratio can be defined as