• FedEx average price/book ratio for 2023 was 2.2, a 5.26% increase from 2022.
• FedEx average price/book ratio for 2022 was 2.09, a 25.09% increase from 2021.
• FedEx average price/book ratio for 2021 was 2.79, a 15.29% decline from 2020.

Price/book ratio can be defined as