• Novo Nordisk average price/book ratio for 2024 was 18.17, a 38.09% decline from 2023.
• Novo Nordisk average price/book ratio for 2023 was 29.35, a 16.98% decline from 2022.
• Novo Nordisk average price/book ratio for 2022 was 25.09, a 15.3% increase from 2021.

Price/book ratio can be defined as