• Lumentum Holdings average price/book ratio for 2023 was 2.57, a 12.88% increase from 2022.
• Lumentum Holdings average price/book ratio for 2022 was 2.95, a 9.79% decline from 2021.
• Lumentum Holdings average price/book ratio for 2021 was 3.27, a 3.25% decline from 2020.

Price/book ratio can be defined as