• MarketAxess Holdings average price/book ratio for 2023 was 9.1, a 7.05% decline from 2022.
• MarketAxess Holdings average price/book ratio for 2022 was 9.79, a 39.15% decline from 2021.
• MarketAxess Holdings average price/book ratio for 2021 was 16.09, a 17.66% decline from 2020.

Price/book ratio can be defined as