• Vail Resorts average price/book ratio for 2023 was 6.5, a 27.45% decline from 2022.
• Vail Resorts average price/book ratio for 2022 was 5.1, a 19.69% increase from 2021.
• Vail Resorts average price/book ratio for 2021 was 6.35, a 28.8% decline from 2020.

Price/book ratio can be defined as