• Union Pacific average price/book ratio for 2024 was 8.61, a 6.21% decline from 2023.
• Union Pacific average price/book ratio for 2023 was 9.18, a 13.72% decline from 2022.
• Union Pacific average price/book ratio for 2022 was 10.64, a 17.57% decline from 2021.

Price/book ratio can be defined as