• Walmart average price/book ratio for 2023 was 4.89, a 11.9% increase from 2022.
• Walmart average price/book ratio for 2022 was 4.37, a 0.46% increase from 2021.
• Walmart average price/book ratio for 2021 was 4.35, a 5.33% increase from 2020.

Price/book ratio can be defined as