• Wells Fargo average price/book ratio for 2023 was 0.82, a 2.38% increase from 2022.
• Wells Fargo average price/book ratio for 2022 was 0.84, a 3.45% decline from 2021.
• Wells Fargo average price/book ratio for 2021 was 0.87, a 58.18% decline from 2020.

Price/book ratio can be defined as