• 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.
• Snap average price/book ratio for 2021 was 34.52, a 87.4% decline from 2020.

Price/book ratio can be defined as