• Illumina average price/book ratio for 2023 was 4.27, a 2.64% increase from 2022.
• Illumina average price/book ratio for 2022 was 4.16, a 52.4% increase from 2021.
• Illumina average price/book ratio for 2021 was 8.74, a 13.64% decline from 2020.

Price/book ratio can be defined as