• Sonoco Products average price/book ratio for 2023 was 2.34, a 14.29% decline from 2022.
• Sonoco Products average price/book ratio for 2022 was 2.73, a 7.77% decline from 2021.
• Sonoco Products average price/book ratio for 2021 was 2.96, a 18.88% decline from 2020.

Price/book ratio can be defined as