• Five Below average price/book ratio for 2024 was 4.27, a 44.9% decline from 2023.
• Five Below average price/book ratio for 2023 was 7.75, a 7.19% decline from 2022.
• Five Below average price/book ratio for 2022 was 7.23, a 35.5% increase from 2021.

Price/book ratio can be defined as