• Chemed average price/book ratio for 2023 was 8.3, a 16.41% decline from 2022.
• Chemed average price/book ratio for 2022 was 9.93, a 4.86% decline from 2021.
• Chemed average price/book ratio for 2021 was 9.47, a 0.32% increase from 2020.

Price/book ratio can be defined as