• Walgreens average price/book ratio for 2023 was 0.77, a 30% decline from 2022.
• Walgreens average price/book ratio for 2022 was 1.1, a 25.17% decline from 2021.
• Walgreens average price/book ratio for 2021 was 1.47, a 11.36% decline from 2020.

Price/book ratio can be defined as