• TKOs average price/book ratio for 2023 was 6.16, a 43.85% decline from 2022.
• TKOs average price/book ratio for 2022 was 10.97, a 1.26% decline from 2021.
• TKOs average price/book ratio for 2021 was 11.11, a 25.11% decline from 2020.

Price/book ratio can be defined as