• Nebius Group average price/book ratio for 2024 was 1.3, a 33.67% increase from 2023.
• Nebius Group average price/book ratio for 2023 was 1.96, a 27.27% decline from 2022.
• Nebius Group average price/book ratio for 2022 was 1.54, a 73.99% increase from 2021.

Price/book ratio can be defined as