• Newmont average price/book ratio for 2023 was 1.68, a 16% increase from 2022.
• Newmont average price/book ratio for 2022 was 2, a 8.11% decline from 2021.
• Newmont average price/book ratio for 2021 was 1.85, a 6.94% increase from 2020.

Price/book ratio can be defined as