• Chemed average price/book ratio for 2024 was 7.38, a 10.98% decline from 2023.
• 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.

Price/book ratio can be defined as