• AGCO average price/book ratio for 2023 was 2.1, a 6.25% decline from 2022.
• AGCO average price/book ratio for 2022 was 2.24, a 14.18% decline from 2021.
• AGCO average price/book ratio for 2021 was 2.61, a 66.24% decline from 2020.

Price/book ratio can be defined as