• Nasdaq average price/book ratio for 2024 was 3.42, a 7.07% increase from 2023.
• Nasdaq average price/book ratio for 2023 was 3.68, a 18.76% decline from 2022.
• Nasdaq average price/book ratio for 2022 was 4.53, a 0.89% decline from 2021.

Price/book ratio can be defined as