• MarketAxess Holdings average price/book ratio for 2023 was 9.08, a 6.97% decline from 2022.
• MarketAxess Holdings average price/book ratio for 2022 was 9.76, a 39.19% decline from 2021.
• MarketAxess Holdings average price/book ratio for 2021 was 16.05, a 17.61% decline from 2020.

Price/book ratio can be defined as