• Union Pacific average price/book ratio for 2024 was 8.66, a 6.28% decline from 2023.
• Union Pacific average price/book ratio for 2023 was 9.24, a 13.73% decline from 2022.
• Union Pacific average price/book ratio for 2022 was 10.71, a 17.69% decline from 2021.

Price/book ratio can be defined as