• Zillow average price/book ratio for 2024 was 2.94, a 14.4% increase from 2023.
• Zillow average price/book ratio for 2023 was 2.57, a 40.44% increase from 2022.
• Zillow average price/book ratio for 2022 was 1.83, a 59.6% increase from 2021.

Price/book ratio can be defined as