• Albemarle average price/book ratio for 2023 was 2.23, a 41.93% decline from 2022.
• Albemarle average price/book ratio for 2022 was 3.84, a 5.21% decline from 2021.
• Albemarle average price/book ratio for 2021 was 3.65, a 65.16% increase from 2020.

Price/book ratio can be defined as