• Royal Gold average price/book ratio for 2024 was 2.8, a 5.26% increase from 2023.
• Royal Gold average price/book ratio for 2023 was 2.66, a 0.37% increase from 2022.
• Royal Gold average price/book ratio for 2022 was 2.67, a 0.75% decline from 2021.

Price/book ratio can be defined as