• Catalent average price/book ratio for 2023 was 2.14, a 32.7% increase from 2022.
• Catalent average price/book ratio for 2022 was 3.18, a 33.19% decline from 2021.
• Catalent average price/book ratio for 2021 was 4.76, a 29% decline from 2020.

Price/book ratio can be defined as