• News average price/book ratio for 2024 was 1.75, a 31.58% increase from 2023.
• News average price/book ratio for 2023 was 1.33, a 17.7% increase from 2022.
• News average price/book ratio for 2022 was 1.13, a 22.6% increase from 2021.

Price/book ratio can be defined as