• Hershey average price/book ratio for 2024 was 8.66, a 25.09% decline from 2023.
• Hershey average price/book ratio for 2023 was 11.56, a 16.95% decline from 2022.
• Hershey average price/book ratio for 2022 was 13.92, a 3.49% decline from 2021.

Price/book ratio can be defined as