• Repligen average price/book ratio for 2024 was 4.25, a 8.01% decline from 2023.
• Repligen average price/book ratio for 2023 was 4.62, a 13.97% decline from 2022.
• Repligen average price/book ratio for 2022 was 5.37, a 31.59% decline from 2021.

Price/book ratio can be defined as