• Gap average price/book ratio for 2024 was 2.72, a 54.55% decline from 2023.
• Gap average price/book ratio for 2023 was 1.76, a 6.67% increase from 2022.
• Gap average price/book ratio for 2022 was 1.65, a 45.18% increase from 2021.

Price/book ratio can be defined as