• 3M average price/book ratio for 2024 was 14.27, a 111.41% increase from 2023.
• 3M average price/book ratio for 2023 was 6.75, a 83.42% increase from 2022.
• 3M average price/book ratio for 2022 was 3.68, a 30.96% increase from 2021.

Price/book ratio can be defined as