• Mosaic average price/book ratio for 2023 was 1, a 31.03% decline from 2022.
• Mosaic average price/book ratio for 2022 was 1.45, a 22.88% decline from 2021.
• Mosaic average price/book ratio for 2021 was 1.18, a 84.38% increase from 2020.

Price/book ratio can be defined as