• Eli Lilly average price/book ratio for 2023 was 40.91, a 31.5% increase from 2022.
• Eli Lilly average price/book ratio for 2022 was 31.11, a 12.07% increase from 2021.
• Eli Lilly average price/book ratio for 2021 was 27.76, a 12.98% increase from 2020.

Price/book ratio can be defined as