• Newmont average price/book ratio for 2024 was 1.68, a 1.2% decline from 2023.
• Newmont average price/book ratio for 2023 was 1.66, a 16.58% increase 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