• Microsoft average price/book ratio for 2023 was 11.32, a 1.52% decline from 2022.
• Microsoft average price/book ratio for 2022 was 11.15, a 20.01% increase from 2021.
• Microsoft average price/book ratio for 2021 was 13.94, a 17.34% decline from 2020.

Price/book ratio can be defined as