• Wells Fargo average price/book ratio for 2023 was 0.82, a 1.2% increase from 2022.
• Wells Fargo average price/book ratio for 2022 was 0.83, a 3.49% decline from 2021.
• Wells Fargo average price/book ratio for 2021 was 0.86, a 56.36% decline from 2020.

Price/book ratio can be defined as