• Merck average price/book ratio for 2024 was 6.7, a 3.88% decline from 2023.
• Merck average price/book ratio for 2023 was 6.45, a 29.78% increase from 2022.
• Merck average price/book ratio for 2022 was 4.97, a 4.24% increase from 2021.

Price/book ratio can be defined as