• State Street average price/book ratio for 2023 was 0.94, a 1.05% increase from 2022.
• State Street average price/book ratio for 2022 was 0.95, a 10.38% decline from 2021.
• State Street average price/book ratio for 2021 was 1.06, a 37.66% decline from 2020.

Price/book ratio can be defined as