• Bank Of America average price/book ratio for 2023 was 0.8, a 16.67% increase from 2022.
• Bank Of America average price/book ratio for 2022 was 0.96, a 18.64% decline from 2021.
• Bank Of America average price/book ratio for 2021 was 1.18, a 61.64% decline from 2020.

Price/book ratio can be defined as