• CGI average price/book ratio for 2023 was 3.88, a 13.12% increase from 2022.
• CGI average price/book ratio for 2022 was 3.43, a 12.94% increase from 2021.
• CGI average price/book ratio for 2021 was 3.94, a 21.6% decline from 2020.

Price/book ratio can be defined as