• Ball average price/book ratio for 2023 was 4.45, a 17.74% decline from 2022.
• Ball average price/book ratio for 2022 was 5.41, a 27.87% decline from 2021.
• Ball average price/book ratio for 2021 was 7.5, a 8.31% decline from 2020.

Price/book ratio can be defined as