• New York Times average price/book ratio for 2024 was 4.48, a 9% decline from 2023.
• New York Times average price/book ratio for 2023 was 4.11, a 16.1% increase from 2022.
• New York Times average price/book ratio for 2022 was 3.54, a 33.96% increase from 2021.

Price/book ratio can be defined as