• Gartner average price/book ratio for 2023 was 50.25, a 37.45% decline from 2022.
• Gartner average price/book ratio for 2022 was 80.34, a 55.97% decline from 2021.
• Gartner average price/book ratio for 2021 was 51.51, a 360.32% increase from 2020.

Price/book ratio can be defined as