• Alcoa average price/book ratio for 2023 was 0.99, a 30.77% increase from 2022.
• Alcoa average price/book ratio for 2022 was 1.43, a 0.69% decline from 2021.
• Alcoa average price/book ratio for 2021 was 1.44, a 213.04% decline from 2020.

Price/book ratio can be defined as