• Zillow average price/book ratio for 2023 was 2.51, a 38.67% increase from 2022.
• Zillow average price/book ratio for 2022 was 1.81, a 60.04% increase from 2021.
• Zillow average price/book ratio for 2021 was 4.53, a 2.26% decline from 2020.

Price/book ratio can be defined as