• State Street average price/book ratio for 2024 was 0.97, a 6.59% decline from 2023.
• State Street average price/book ratio for 2023 was 0.91, a 1.09% increase from 2022.
• State Street average price/book ratio for 2022 was 0.92, a 10.68% decline from 2021.

Price/book ratio can be defined as