• Deere average price/book ratio for 2023 was 5.12, a 11.42% increase from 2022.
• Deere average price/book ratio for 2022 was 5.78, a 10.39% decline from 2021.
• Deere average price/book ratio for 2021 was 6.45, a 53.57% decline from 2020.

Price/book ratio can be defined as