• Chemed average price/book ratio for 2023 was 8.29, a 16.52% decline from 2022.
• Chemed average price/book ratio for 2022 was 9.93, a 4.97% decline from 2021.
• Chemed average price/book ratio for 2021 was 9.46, a 0.42% increase from 2020.

Price/book ratio can be defined as