• Campbell's average price/book ratio for 2023 was 3.76, a 5.53% decline from 2022.
• Campbell's average price/book ratio for 2022 was 3.98, a 0% decline from 2021.
• Campbell's average price/book ratio for 2021 was 3.98, a 19.27% decline from 2020.

Price/book ratio can be defined as