• SLM average price/book ratio for 2024 was 2.27, a 23.37% increase from 2023.
• SLM average price/book ratio for 2023 was 1.84, a 7.54% increase from 2022.
• SLM average price/book ratio for 2022 was 1.99, a 13.1% decline from 2021.

Price/book ratio can be defined as