• Matson average price/book ratio for 2023 was 1.23, a 13.38% increase from 2022.
• Matson average price/book ratio for 2022 was 1.42, a 39.83% decline from 2021.
• Matson average price/book ratio for 2021 was 2.36, a 31.11% decline from 2020.

Price/book ratio can be defined as