• Insulet average price/book ratio for 2023 was 29.9, a 23.98% decline from 2022.
• Insulet average price/book ratio for 2022 was 39.33, a 10.04% decline from 2021.
• Insulet average price/book ratio for 2021 was 35.74, a 43.68% increase from 2020.

Price/book ratio can be defined as