• Kroger average price/book ratio for 2023 was 3.04, a 10.32% increase from 2022.
• Kroger average price/book ratio for 2022 was 3.39, a 21.51% decline from 2021.
• Kroger average price/book ratio for 2021 was 2.79, a 19.23% increase from 2020.

Price/book ratio can be defined as