• Pool average price/book ratio for 2023 was 10.36, a 7% decline from 2022.
• Pool average price/book ratio for 2022 was 11.14, a 43.08% decline from 2021.
• Pool average price/book ratio for 2021 was 19.57, a 10.52% decline from 2020.

Price/book ratio can be defined as