• CVS Health average price/book ratio for 2023 was 1.2, a 24.05% decline from 2022.
• CVS Health average price/book ratio for 2022 was 1.58, a 12.86% decline from 2021.
• CVS Health average price/book ratio for 2021 was 1.4, a 33.33% increase from 2020.

Price/book ratio can be defined as