• Newmont average price/book ratio for 2024 was 1.61, a 3.01% decline from 2023.
• Newmont average price/book ratio for 2023 was 1.66, a 16.58% decline from 2022.
• Newmont average price/book ratio for 2022 was 1.99, a 8.15% decline from 2021.

Price/book ratio can be defined as