• M&T Bank average price/book ratio for 2023 was 0.78, a 25.71% increase from 2022.
• M&T Bank average price/book ratio for 2022 was 1.05, a 1.94% decline from 2021.
• M&T Bank average price/book ratio for 2021 was 1.03, a 37.33% increase from 2020.

Price/book ratio can be defined as