• Loews average price/book ratio for 2023 was 0.9, a 3.45% increase from 2022.
• Loews average price/book ratio for 2022 was 0.87, a 20.83% increase from 2021.
• Loews average price/book ratio for 2021 was 0.72, a 33.33% increase from 2020.

Price/book ratio can be defined as