• Reliance average price/book ratio for 2024 was 2.19, a 9.5% increase from 2023.
• Reliance average price/book ratio for 2023 was 2, a 29.03% increase from 2022.
• Reliance average price/book ratio for 2022 was 1.55, a 1.9% increase from 2021.

Price/book ratio can be defined as