• Nasdaq average price/book ratio for 2024 was 3.55, a 3.27% decline from 2023.
• Nasdaq average price/book ratio for 2023 was 3.67, a 18.63% decline from 2022.
• Nasdaq average price/book ratio for 2022 was 4.51, a 0.89% decline from 2021.

Price/book ratio can be defined as