• FactSet Research Systems average price/book ratio for 2023 was 9.7, a 18.56% decline from 2022.
• FactSet Research Systems average price/book ratio for 2022 was 11.91, a 9.84% decline from 2021.
• FactSet Research Systems average price/book ratio for 2021 was 13.21, a 3.93% decline from 2020.

Price/book ratio can be defined as