• Franco-Nevada average price/book ratio for 2024 was 3.92, a 0.51% increase from 2023.
• Franco-Nevada average price/book ratio for 2023 was 3.9, a 4.18% increase from 2022.
• Franco-Nevada average price/book ratio for 2022 was 4.07, a 4.68% decline from 2021.

Price/book ratio can be defined as