• CVS Health average price/book ratio for 2023 was 1.22, a 23.75% decline from 2022.
• CVS Health average price/book ratio for 2022 was 1.6, a 13.48% decline from 2021.
• CVS Health average price/book ratio for 2021 was 1.41, a 31.78% increase from 2020.

Price/book ratio can be defined as