• Vertex average price/book ratio for 2024 was 22.29, a 49.8% increase from 2023.
• Vertex average price/book ratio for 2023 was 14.88, a 62.62% increase from 2022.
• Vertex average price/book ratio for 2022 was 9.15, a 26.33% increase from 2021.

Price/book ratio can be defined as