• Verizon average price/book ratio for 2023 was 1.48, a 20% increase from 2022.
• Verizon average price/book ratio for 2022 was 1.85, a 24.49% decline from 2021.
• Verizon average price/book ratio for 2021 was 2.45, a 13.73% decline from 2020.

Price/book ratio can be defined as