• STMicroelectronics average price/book ratio for 2023 was 2.93, a 0% decline from 2022.
• STMicroelectronics average price/book ratio for 2022 was 2.93, a 30.57% decline from 2021.
• STMicroelectronics average price/book ratio for 2021 was 4.22, a 27.11% decline from 2020.

Price/book ratio can be defined as