• Nutrien average price/book ratio for 2023 was 1.17, a 28.66% decline from 2022.
• Nutrien average price/book ratio for 2022 was 1.64, a 17.14% decline from 2021.
• Nutrien average price/book ratio for 2021 was 1.4, a 64.71% increase from 2020.

Price/book ratio can be defined as