• Prologis average price/book ratio for 2024 was 1.86, a 0.53% decline from 2023.
• Prologis average price/book ratio for 2023 was 1.87, a 10.53% decline from 2022.
• Prologis average price/book ratio for 2022 was 2.09, a 11.06% decline from 2021.

Price/book ratio can be defined as