• Eli Lilly average price/book ratio for 2023 was 40.84, a 31.49% increase from 2022.
• Eli Lilly average price/book ratio for 2022 was 31.06, a 12.09% increase from 2021.
• Eli Lilly average price/book ratio for 2021 was 27.71, a 12.97% increase from 2020.

Price/book ratio can be defined as