• News average price/book ratio for 2023 was 1.29, a 16.22% increase from 2022.
• News average price/book ratio for 2022 was 1.11, a 26.49% increase from 2021.
• News average price/book ratio for 2021 was 1.51, a 73.56% decline from 2020.

Price/book ratio can be defined as