• Snowflake average price/book ratio for 2024 was 11.87, a 21.37% increase from 2023.
• Snowflake average price/book ratio for 2023 was 9.78, a 13.83% increase from 2022.
• Snowflake average price/book ratio for 2022 was 11.35, a 47.5% decline from 2021.

Price/book ratio can be defined as