• Moelis average price/book ratio for 2023 was 8.02, a 47.43% increase from 2022.
• Moelis average price/book ratio for 2022 was 5.44, a 23.92% increase from 2021.
• Moelis average price/book ratio for 2021 was 7.15, a 68.24% decline from 2020.

Price/book ratio can be defined as