• Service average price/book ratio for 2023 was 5.92, a 5.15% increase from 2022.
• Service average price/book ratio for 2022 was 5.63, a 15.13% increase from 2021.
• Service average price/book ratio for 2021 was 4.89, a 23.48% increase from 2020.

Price/book ratio can be defined as