• Las Vegas Sands average price/book ratio for 2023 was 9.58, a 30.16% decline from 2022.
• Las Vegas Sands average price/book ratio for 2022 was 7.36, a 42.81% increase from 2021.
• Las Vegas Sands average price/book ratio for 2021 was 12.87, a 46.92% decline from 2020.

Price/book ratio can be defined as