• RPM average price/book ratio for 2023 was 5.28, a 8.65% increase from 2022.
• RPM average price/book ratio for 2022 was 5.78, a 5.56% decline from 2021.
• RPM average price/book ratio for 2021 was 6.12, a 7.97% decline from 2020.

Price/book ratio can be defined as