• Alphabet average price/book ratio for 2023 was 5.75, a 3.79% increase from 2022.
• Alphabet average price/book ratio for 2022 was 5.54, a 20.52% increase from 2021.
• Alphabet average price/book ratio for 2021 was 6.97, a 50.54% decline from 2020.

Price/book ratio can be defined as