• U.S Bancorp average price/book ratio for 2023 was 0.99, a 19.51% increase from 2022.
• U.S Bancorp average price/book ratio for 2022 was 1.23, a 9.56% decline from 2021.
• U.S Bancorp average price/book ratio for 2021 was 1.36, a 47.83% decline from 2020.

Price/book ratio can be defined as