• AGCO average price/book ratio for 2023 was 2.1, a 5.83% decline from 2022.
• AGCO average price/book ratio for 2022 was 2.23, a 14.23% decline from 2021.
• AGCO average price/book ratio for 2021 was 2.6, a 66.67% decline from 2020.

Price/book ratio can be defined as