• NIKE average price/book ratio for 2024 was 9.45, a 17.9% decline from 2023.
• NIKE average price/book ratio for 2023 was 11.51, a 1.71% decline from 2022.
• NIKE average price/book ratio for 2022 was 11.71, a 31.24% decline from 2021.

Price/book ratio can be defined as