• Microchip Technology average price/book ratio for 2023 was 6.62, a 14.73% decline from 2022.
• Microchip Technology average price/book ratio for 2022 was 5.77, a 21.82% increase from 2021.
• Microchip Technology average price/book ratio for 2021 was 7.38, a 59.74% decline from 2020.

Price/book ratio can be defined as