• Vaxcyte average price/book ratio for 2024 was 4.03, a 9.21% decline from 2023.
• Vaxcyte average price/book ratio for 2023 was 3.69, a 3.66% increase from 2022.
• Vaxcyte average price/book ratio for 2022 was 3.83, a 1.79% decline from 2021.

Price/book ratio can be defined as