• Nice average price/book ratio for 2024 was 2.98, a 20.32% decline from 2023.
• Nice average price/book ratio for 2023 was 3.74, a 6.73% decline from 2022.
• Nice average price/book ratio for 2022 was 4.01, a 40.94% decline from 2021.

Price/book ratio can be defined as