• Verisk Analytics average price/book ratio for 2023 was 160.89, a 1128.17% decline from 2022.
• Verisk Analytics average price/book ratio for 2022 was 13.1, a 17.7% increase from 2021.
• Verisk Analytics average price/book ratio for 2021 was 11.13, a 6% increase from 2020.

Price/book ratio can be defined as