• Q2 Holdings average price/book ratio for 2023 was 4.34, a 17.02% increase from 2022.
• Q2 Holdings average price/book ratio for 2022 was 5.23, a 39.12% decline from 2021.
• Q2 Holdings average price/book ratio for 2021 was 8.59, a 1.9% decline from 2020.

Price/book ratio can be defined as