• Merck average price/book ratio for 2024 was 6.63, a 3.92% decline from 2023.
• Merck average price/book ratio for 2023 was 6.38, a 29.67% increase from 2022.
• Merck average price/book ratio for 2022 was 4.92, a 4.28% increase from 2021.

Price/book ratio can be defined as