• Kroger average price/book ratio for 2023 was 3.05, a 10.29% increase from 2022.
• Kroger average price/book ratio for 2022 was 3.4, a 21% decline from 2021.
• Kroger average price/book ratio for 2021 was 2.81, a 19.57% increase from 2020.

Price/book ratio can be defined as