• Alphabet average price/book ratio for 2023 was 5.7, a 3.26% increase from 2022.
• Alphabet average price/book ratio for 2022 was 5.52, a 20.35% increase from 2021.
• Alphabet average price/book ratio for 2021 was 6.93, a 50% decline from 2020.

Price/book ratio can be defined as