• Synopsys average price/book ratio for 2023 was 10.59, a 21.72% increase from 2022.
• Synopsys average price/book ratio for 2022 was 8.7, a 3.82% increase from 2021.
• Synopsys average price/book ratio for 2021 was 8.38, a 39.2% increase from 2020.

Price/book ratio can be defined as