• Novo Nordisk average price/book ratio for 2023 was 29.82, a 16.94% increase from 2022.
• Novo Nordisk average price/book ratio for 2022 was 25.5, a 15.28% increase from 2021.
• Novo Nordisk average price/book ratio for 2021 was 22.12, a 38.42% increase from 2020.

Price/book ratio can be defined as