• Goldman Sachs average price/book ratio for 2023 was 0.93, a 6.9% increase from 2022.
• Goldman Sachs average price/book ratio for 2022 was 0.87, a 20.91% increase from 2021.
• Goldman Sachs average price/book ratio for 2021 was 1.1, a 59.42% decline from 2020.

Price/book ratio can be defined as