• Cisco average price/book ratio for 2023 was 4.5, a 3.85% increase from 2022.
• Cisco average price/book ratio for 2022 was 4.68, a 2.7% decline from 2021.
• Cisco average price/book ratio for 2021 was 4.81, a 11.6% decline from 2020.

Price/book ratio can be defined as