• Novartis AG average price/book ratio for 2024 was 4.77, a 21.37% decline from 2023.
• Novartis AG average price/book ratio for 2023 was 3.93, a 55.95% increase from 2022.
• Novartis AG average price/book ratio for 2022 was 2.52, a 8.36% increase from 2021.

Price/book ratio can be defined as