• Albemarle average price/book ratio for 2024 was 1.11, a 50% decline from 2023.
• Albemarle average price/book ratio for 2023 was 2.22, a 42.04% decline from 2022.
• Albemarle average price/book ratio for 2022 was 3.83, a 5.22% decline from 2021.

Price/book ratio can be defined as