• Zillow average price/book ratio for 2024 was 2.85, a 13.55% increase from 2023.
• 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.

Price/book ratio can be defined as