• STMicroelectronics average price/book ratio for 2023 was 2.92, a 0% decline from 2022.
• STMicroelectronics average price/book ratio for 2022 was 2.92, a 30.64% decline from 2021.
• STMicroelectronics average price/book ratio for 2021 was 4.21, a 27.19% decline from 2020.

Price/book ratio can be defined as