• RH average price/book ratio for 2023 was 3.87, a 34.52% decline from 2022.
• RH average price/book ratio for 2022 was 5.91, a 69.83% decline from 2021.
• RH average price/book ratio for 2021 was 19.59, a 81.61% decline from 2020.

Price/book ratio can be defined as