• Block average price/book ratio for 2024 was 2.3, a 5.5% decline from 2023.
• Block average price/book ratio for 2023 was 2.18, a 19.26% increase from 2022.
• Block average price/book ratio for 2022 was 2.7, a 92.55% decline from 2021.

Price/book ratio can be defined as