• M&T Bank average price/book ratio for 2024 was 0.95, a 25% increase from 2023.
• M&T Bank average price/book ratio for 2023 was 0.76, a 25.49% increase from 2022.
• M&T Bank average price/book ratio for 2022 was 1.02, a 3.03% decline from 2021.

Price/book ratio can be defined as