• XPO average price/book ratio for 2024 was 9.01, a 44.62% increase from 2023.
• 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.

Price/book ratio can be defined as