• Moelis average price/book ratio for 2024 was 11.4, a 43.4% increase from 2023.
• Moelis average price/book ratio for 2023 was 7.95, a 47.77% increase from 2022.
• Moelis average price/book ratio for 2022 was 5.38, a 24.01% increase from 2021.

Price/book ratio can be defined as