• IBM average price/book ratio for 2024 was 7.36, a 34.06% increase from 2023.
• IBM average price/book ratio for 2023 was 5.49, a 2.23% increase from 2022.
• IBM average price/book ratio for 2022 was 5.37, a 10.49% increase from 2021.

Price/book ratio can be defined as