• Pool average price/book ratio for 2024 was 9.89, a 3.89% decline from 2023.
• Pool average price/book ratio for 2023 was 10.29, a 6.96% decline from 2022.
• Pool average price/book ratio for 2022 was 11.06, a 43.08% decline from 2021.

Price/book ratio can be defined as