• Newmont average price/book ratio for 2024 was 1.6, a 2.44% increase from 2023.
• Newmont average price/book ratio for 2023 was 1.64, a 16.75% decline from 2022.
• Newmont average price/book ratio for 2022 was 1.97, a 8.24% decline from 2021.

Price/book ratio can be defined as