• MercadoLibre average price/book ratio for 2023 was 27.02, a 1.2% increase from 2022.
• MercadoLibre average price/book ratio for 2022 was 26.7, a 93.63% increase from 2021.
• MercadoLibre average price/book ratio for 2021 was 418.89, a 1278.38% decline from 2020.

Price/book ratio can be defined as