• Qorvo average price/book ratio for 2023 was 2.66, a 15.15% decline from 2022.
• Qorvo average price/book ratio for 2022 was 2.31, a 44.6% increase from 2021.
• Qorvo average price/book ratio for 2021 was 4.17, a 32.8% decline from 2020.

Price/book ratio can be defined as