• Republic Services average price/book ratio for 2023 was 4.54, a 4.13% increase from 2022.
• Republic Services average price/book ratio for 2022 was 4.36, a 7.39% increase from 2021.
• Republic Services average price/book ratio for 2021 was 4.06, a 29.3% increase from 2020.

Price/book ratio can be defined as