• NIKE average price/book ratio for 2023 was 11.57, a 1.7% decline from 2022.
• NIKE average price/book ratio for 2022 was 11.77, a 31.21% decline from 2021.
• NIKE average price/book ratio for 2021 was 17.11, a 2.67% decline from 2020.

Price/book ratio can be defined as