• T-Mobile US average price/book ratio for 2023 was 2.61, a 10.59% increase from 2022.
• T-Mobile US average price/book ratio for 2022 was 2.36, a 1.29% increase from 2021.
• T-Mobile US average price/book ratio for 2021 was 2.33, a 1.75% increase from 2020.

Price/book ratio can be defined as