• JD average price/book ratio for 2023 was 1.28, a 41.55% decline from 2022.
• JD average price/book ratio for 2022 was 2.19, a 28.43% decline from 2021.
• JD average price/book ratio for 2021 was 3.06, a 31.08% decline from 2020.

Price/book ratio can be defined as