• Realty Income average price/book ratio for 2023 was 1.23, a 8.89% increase from 2022.
• Realty Income average price/book ratio for 2022 was 1.35, a 19.64% decline from 2021.
• Realty Income average price/book ratio for 2021 was 1.68, a 6.33% decline from 2020.

Price/book ratio can be defined as