• State Street average price/book ratio for 2023 was 0.93, a 1.06% increase from 2022.
• State Street average price/book ratio for 2022 was 0.94, a 10.48% decline from 2021.
• State Street average price/book ratio for 2021 was 1.05, a 38.16% decline from 2020.

Price/book ratio can be defined as