• Johnson & Johnson average price/book ratio for 2023 was 5.33, a 5.83% decline from 2022.
• Johnson & Johnson average price/book ratio for 2022 was 5.66, a 0.88% decline from 2021.
• Johnson & Johnson average price/book ratio for 2021 was 5.71, a 5.94% decline from 2020.

Price/book ratio can be defined as