• Labcorp average price/book ratio for 2023 was 2.23, a 10.95% increase from 2022.
• Labcorp average price/book ratio for 2022 was 2.01, a 21.48% increase from 2021.
• Labcorp average price/book ratio for 2021 was 2.56, a 26.73% decline from 2020.

Price/book ratio can be defined as