• Avery Dennison average price/book ratio for 2023 was 7.08, a 4.42% decline from 2022.
• Avery Dennison average price/book ratio for 2022 was 6.78, a 26.62% increase from 2021.
• Avery Dennison average price/book ratio for 2021 was 9.24, a 23.69% decline from 2020.

Price/book ratio can be defined as