• Gap average price/book ratio for 2023 was 1.78, a 5.95% increase from 2022.
• Gap average price/book ratio for 2022 was 1.68, a 44.92% increase from 2021.
• Gap average price/book ratio for 2021 was 3.05, a 64.86% decline from 2020.

Price/book ratio can be defined as