• Prologis average price/book ratio for 2023 was 1.9, a 10.38% decline from 2022.
• Prologis average price/book ratio for 2022 was 2.12, a 11.67% decline from 2021.
• Prologis average price/book ratio for 2021 was 2.4, a 41.18% decline from 2020.

Price/book ratio can be defined as