• Citigroup average price/book ratio for 2023 was 0.41, a 0% increase from 2022.
• Citigroup average price/book ratio for 2022 was 0.41, a 31.67% decline from 2021.
• Citigroup average price/book ratio for 2021 was 0.6, a 33.33% decline from 2020.

Price/book ratio can be defined as