• Novartis AG average price/book ratio for 2023 was 4.24, a 53.07% increase from 2022.
• Novartis AG average price/book ratio for 2022 was 2.77, a 8.58% increase from 2021.
• Novartis AG average price/book ratio for 2021 was 3.03, a 4.11% decline from 2020.

Price/book ratio can be defined as