• Macerich average price/book ratio for 2024 was 1.46, a 56.99% increase from 2023.
• Macerich average price/book ratio for 2023 was 0.93, a 36.76% increase from 2022.
• Macerich average price/book ratio for 2022 was 0.68, a 25.27% increase from 2021.

Price/book ratio can be defined as