• Polaris average price/book ratio for 2023 was 4.65, a 10.23% decline from 2022.
• Polaris average price/book ratio for 2022 was 5.18, a 16.05% decline from 2021.
• Polaris average price/book ratio for 2021 was 6.17, a 24.4% decline from 2020.

Price/book ratio can be defined as