• EchoStar average price/book ratio for 2023 was 0.36, a 12.2% decline from 2022.
• EchoStar average price/book ratio for 2022 was 0.41, a 34.92% decline from 2021.
• EchoStar average price/book ratio for 2021 was 0.63, a 12.5% decline from 2020.

Price/book ratio can be defined as