• Walgreens average price/book ratio for 2023 was 0.75, a 29.91% decline from 2022.
• Walgreens average price/book ratio for 2022 was 1.07, a 25.17% decline from 2021.
• Walgreens average price/book ratio for 2021 was 1.43, a 11.72% decline from 2020.

Price/book ratio can be defined as