• Labcorp average price/book ratio for 2024 was 2.26, a 10.24% increase from 2023.
• Labcorp average price/book ratio for 2023 was 2.05, a 20.59% increase from 2022.
• Labcorp average price/book ratio for 2022 was 1.7, a 21.66% increase from 2021.

Price/book ratio can be defined as