• Nexstar Media average price/book ratio for 2023 was 2.25, a 3.43% increase from 2022.
• Nexstar Media average price/book ratio for 2022 was 2.33, a 3.1% decline from 2021.
• Nexstar Media average price/book ratio for 2021 was 2.26, a 43.04% increase from 2020.

Price/book ratio can be defined as