• Parsons average price/book ratio for 2023 was 2.46, a 14.95% increase from 2022.
• Parsons average price/book ratio for 2022 was 2.14, a 5.42% increase from 2021.
• Parsons average price/book ratio for 2021 was 2.03, a 1.5% increase from 2020.

Price/book ratio can be defined as