• Sprouts Farmers Market average price/book ratio for 2023 was 3.77, a 22.8% increase from 2022.
• Sprouts Farmers Market average price/book ratio for 2022 was 3.07, a 1.29% increase from 2021.
• Sprouts Farmers Market average price/book ratio for 2021 was 3.11, a 4.89% decline from 2020.

Price/book ratio can be defined as