• JD average price/book ratio for 2024 was 1.1, a 12% decline from 2023.
• JD average price/book ratio for 2023 was 1.25, a 41.31% decline from 2022.
• JD average price/book ratio for 2022 was 2.13, a 28.28% decline from 2021.

Price/book ratio can be defined as