• Snap average price/book ratio for 2024 was 9.42, a 17.75% decline from 2023.
• Snap average price/book ratio for 2023 was 8, a 4.99% increase from 2022.
• Snap average price/book ratio for 2022 was 8.42, a 75.61% decline from 2021.

Price/book ratio can be defined as