• Applied Materials average price/book ratio for 2023 was 7.14, a 9.39% increase from 2022.
• Applied Materials average price/book ratio for 2022 was 7.88, a 15.27% decline from 2021.
• Applied Materials average price/book ratio for 2021 was 9.3, a 72.22% decline from 2020.

Price/book ratio can be defined as