• NVIDIA average price/book ratio for 2023 was 30.48, a 61.96% increase from 2022.
• NVIDIA average price/book ratio for 2022 was 18.82, a 15.15% increase from 2021.
• NVIDIA average price/book ratio for 2021 was 22.18, a 37.68% decline from 2020.

Price/book ratio can be defined as