• Alibaba average price/book ratio for 2023 was 1.56, a 6.02% decline from 2022.
• Alibaba average price/book ratio for 2022 was 1.66, a 43.92% decline from 2021.
• Alibaba average price/book ratio for 2021 was 2.96, a 27.8% decline from 2020.

Price/book ratio can be defined as