• TransUnion average price/book ratio for 2023 was 3.18, a 7.02% increase from 2022.
• TransUnion average price/book ratio for 2022 was 3.42, a 47.22% decline from 2021.
• TransUnion average price/book ratio for 2021 was 6.48, a 2.26% decline from 2020.

Price/book ratio can be defined as