• Baxter average price/book ratio for 2024 was 2.32, a 20.55% decline from 2023.
• Baxter average price/book ratio for 2023 was 2.92, a 27% decline from 2022.
• Baxter average price/book ratio for 2022 was 4, a 8.26% decline from 2021.

Price/book ratio can be defined as