• Baxter average price/book ratio for 2023 was 2.97, a 27.03% decline from 2022.
• Baxter average price/book ratio for 2022 was 4.07, a 8.33% decline from 2021.
• Baxter average price/book ratio for 2021 was 4.44, a 4.52% decline from 2020.

Price/book ratio can be defined as