• ResMed average price/book ratio for 2023 was 6.59, a 27.98% increase from 2022.
• ResMed average price/book ratio for 2022 was 9.15, a 20.92% decline from 2021.
• ResMed average price/book ratio for 2021 was 11.57, a 18.06% decline from 2020.

Price/book ratio can be defined as