• NIKE average price/book ratio for 2024 was 9.38, a 17.79% decline from 2023.
• NIKE average price/book ratio for 2023 was 11.41, a 1.64% decline from 2022.
• NIKE average price/book ratio for 2022 was 11.6, a 31.24% decline from 2021.

Price/book ratio can be defined as