• Procter & Gamble average price/book ratio for 2023 was 7.14, a 0.71% increase from 2022.
• Procter & Gamble average price/book ratio for 2022 was 7.09, a 2.31% increase from 2021.
• Procter & Gamble average price/book ratio for 2021 was 6.93, a 16.86% increase from 2020.

Price/book ratio can be defined as