• Hormel Foods average price/book ratio for 2023 was 2.7, a 20.12% decline from 2022.
• Hormel Foods average price/book ratio for 2022 was 3.38, a 1.81% decline from 2021.
• Hormel Foods average price/book ratio for 2021 was 3.32, a 10.99% increase from 2020.

Price/book ratio can be defined as