• Cisco average price/book ratio for 2023 was 4.54, a 3.81% decline from 2022.
• Cisco average price/book ratio for 2022 was 4.72, a 2.68% decline from 2021.
• Cisco average price/book ratio for 2021 was 4.85, a 11.75% decline from 2020.

Price/book ratio can be defined as