• Norfolk Southern average price/book ratio for 2023 was 3.79, a 7.79% increase from 2022.
• Norfolk Southern average price/book ratio for 2022 was 4.11, a 5.52% decline from 2021.
• Norfolk Southern average price/book ratio for 2021 was 4.35, a 43.09% decline from 2020.

Price/book ratio can be defined as