• Medtronic average price/book ratio for 2023 was 2.05, a 9.69% increase from 2022.
• Medtronic average price/book ratio for 2022 was 2.27, a 21.72% decline from 2021.
• Medtronic average price/book ratio for 2021 was 2.9, a 21.34% decline from 2020.

Price/book ratio can be defined as