• Gartner average price/book ratio for 2024 was 42.55, a 15.59% decline from 2023.
• Gartner average price/book ratio for 2023 was 50.41, a 37.25% decline from 2022.
• Gartner average price/book ratio for 2022 was 80.34, a 55.97% decline from 2021.

Price/book ratio can be defined as