• Bank Of New York Mellon average price/book ratio for 2023 was 0.84, a 5% increase from 2022.
• Bank Of New York Mellon average price/book ratio for 2022 was 0.8, a 10.11% increase from 2021.
• Bank Of New York Mellon average price/book ratio for 2021 was 0.89, a 34.85% decline from 2020.

Price/book ratio can be defined as