• Taiwan Semiconductor Manufacturing average price/book ratio for 2023 was 4.61, a 1.71% increase from 2022.
• Taiwan Semiconductor Manufacturing average price/book ratio for 2022 was 4.69, a 40.56% decline from 2021.
• Taiwan Semiconductor Manufacturing average price/book ratio for 2021 was 7.89, a 35.33% decline from 2020.

Price/book ratio can be defined as