• Flex average price/book ratio for 2023 was 1.96, a 2.62% increase from 2022.
• Flex average price/book ratio for 2022 was 1.91, a 22.36% increase from 2021.
• Flex average price/book ratio for 2021 was 2.46, a 28.8% decline from 2020.

Price/book ratio can be defined as