• Zoetis average price/book ratio for 2023 was 16.82, a 2.75% decline from 2022.
• Zoetis average price/book ratio for 2022 was 16.37, a 19.44% increase from 2021.
• Zoetis average price/book ratio for 2021 was 20.32, a 0.78% decline from 2020.

Price/book ratio can be defined as