• Deere average price/book ratio for 2023 was 5.14, a 11.38% decline from 2022.
• Deere average price/book ratio for 2022 was 5.8, a 10.36% decline from 2021.
• Deere average price/book ratio for 2021 was 6.47, a 53.68% decline from 2020.

Price/book ratio can be defined as