• Bank Of New York Mellon average price/book ratio for 2023 was 0.84, a 3.7% increase from 2022.
• Bank Of New York Mellon average price/book ratio for 2022 was 0.81, a 10% increase from 2021.
• Bank Of New York Mellon average price/book ratio for 2021 was 0.9, a 36.36% decline from 2020.

Price/book ratio can be defined as