• State Street average price/book ratio for 2024 was 0.94, a 1.08% increase from 2023.
• State Street average price/book ratio for 2023 was 0.93, a 1.06% increase from 2022.
• State Street average price/book ratio for 2022 was 0.94, a 10.48% decline from 2021.

Price/book ratio can be defined as