• XPO average price/book ratio for 2023 was 6.23, a 64.81% increase from 2022.
• XPO average price/book ratio for 2022 was 3.78, a 33.57% increase from 2021.
• XPO average price/book ratio for 2021 was 5.69, a 238.69% decline from 2020.

Price/book ratio can be defined as