• Dover average price/book ratio for 2023 was 4.31, a 0% increase from 2022.
• Dover average price/book ratio for 2022 was 4.31, a 23.58% decline from 2021.
• Dover average price/book ratio for 2021 was 5.64, a 27.03% decline from 2020.

Price/book ratio can be defined as