• Zoetis average price/book ratio for 2024 was 15.84, a 7.1% decline from 2023.
• Zoetis average price/book ratio for 2023 was 17.05, a 1.85% decline from 2022.
• Zoetis average price/book ratio for 2022 was 16.74, a 19.9% increase from 2021.

Price/book ratio can be defined as