• Hormel Foods average price/book ratio for 2023 was 2.72, a 20.47% decline from 2022.
• Hormel Foods average price/book ratio for 2022 was 3.42, a 2.09% decline from 2021.
• Hormel Foods average price/book ratio for 2021 was 3.35, a 11.14% increase from 2020.

Price/book ratio can be defined as