• Universal Health Services average price/book ratio for 2023 was 1.57, a 9.79% increase from 2022.
• Universal Health Services average price/book ratio for 2022 was 1.43, a 16.37% increase from 2021.
• Universal Health Services average price/book ratio for 2021 was 1.71, a 11.76% decline from 2020.

Price/book ratio can be defined as