• Universal Display average price/book ratio for 2024 was 5.59, a 1.27% decline from 2023.
• Universal Display average price/book ratio for 2023 was 5.52, a 19.48% increase from 2022.
• Universal Display average price/book ratio for 2022 was 4.62, a 49.17% increase from 2021.

Price/book ratio can be defined as