• Mosaic average price/book ratio for 2024 was 0.77, a 22.22% decline from 2023.
• Mosaic average price/book ratio for 2023 was 0.99, a 31.25% decline from 2022.
• Mosaic average price/book ratio for 2022 was 1.44, a 22.03% decline from 2021.

Price/book ratio can be defined as