• Prologis average price/book ratio for 2024 was 1.84, a 0.54% decline from 2023.
• Prologis average price/book ratio for 2023 was 1.85, a 10.63% decline from 2022.
• Prologis average price/book ratio for 2022 was 2.07, a 11.16% decline from 2021.

Price/book ratio can be defined as