• Mosaic average price/book ratio for 2024 was 0.74, a 24.49% decline from 2023.
• Mosaic average price/book ratio for 2023 was 0.98, a 30.5% decline from 2022.
• Mosaic average price/book ratio for 2022 was 1.41, a 21.55% decline from 2021.

Price/book ratio can be defined as