• UPS average price/book ratio for 2024 was 6.92, a 3.76% decline from 2023.
• UPS average price/book ratio for 2023 was 7.19, a 15.61% decline from 2022.
• UPS average price/book ratio for 2022 was 8.52, a 39.23% decline from 2021.

Price/book ratio can be defined as