• Labcorp average price/book ratio for 2024 was 2.26, a 10.24% decline from 2023.
• Labcorp average price/book ratio for 2023 was 2.05, a 19.88% increase from 2022.
• Labcorp average price/book ratio for 2022 was 1.71, a 21.2% increase from 2021.

Price/book ratio can be defined as