• Ericsson average price/book ratio for 2023 was 1.67, a 0.6% increase from 2022.
• Ericsson average price/book ratio for 2022 was 1.68, a 46.67% decline from 2021.
• Ericsson average price/book ratio for 2021 was 3.15, a 4.26% decline from 2020.

Price/book ratio can be defined as