• RTX average price/book ratio for 2023 was 1.73, a 4.42% increase from 2022.
• RTX average price/book ratio for 2022 was 1.81, a 13.84% decline from 2021.
• RTX average price/book ratio for 2021 was 1.59, a 16.91% increase from 2020.

Price/book ratio can be defined as