• Prologis average price/book ratio for 2024 was 1.94, a 3.19% decline from 2023.
• Prologis average price/book ratio for 2023 was 1.88, a 10.9% increase from 2022.
• Prologis average price/book ratio for 2022 was 2.11, a 10.97% decline from 2021.

Price/book ratio can be defined as