• Block average price/book ratio for 2023 was 2.18, a 19.26% decline from 2022.
• Block average price/book ratio for 2022 was 2.7, a 92.55% decline from 2021.
• Block average price/book ratio for 2021 was 36.22, a 32.77% decline from 2020.

Price/book ratio can be defined as