• Novo Nordisk average price/book ratio for 2024 was 18.46, a 38.1% increase from 2023.
• Novo Nordisk average price/book ratio for 2023 was 29.82, a 16.94% decline from 2022.
• Novo Nordisk average price/book ratio for 2022 was 25.5, a 15.28% increase from 2021.

Price/book ratio can be defined as