Review the following and rewrite, making improvements to the underlined bullet points based on the given feedback:

Context:

Price/Earnings Ratio	2019	2018	2017
Market Price	83.62	83.62	83.62
Earnings Per Share	6.91	7.87	9.15
Price/Earnings Ratio	12.10	10.63	9.14

Price/Ratio Ratio	2019	2018	2017
Market Price	83.62	83.62	83.62
Book Value per Share	199.1	209.05	226
Price to Book Ratio	.42	.40	.37

Trend Analysis:

Decline in Earnings Per Share (EPS)

Decreased from $9.15 in 2017 to $6.91 in 2019.

Indicates potential decreasing profitability.

Increase in Price-to-Earnings (P/E) Ratio

Rose from 9.14 in 2017 to 12.10 in 2019.

May suggest stock overvaluation or high future growth expectations by investors.

Decrease in Book Value Per Share

Fell from $226 in 2017 to $199.10 in 2019.

Could imply increasing debt or liabilities.

If the company's net income is decreasing (which would lower the EPS), this would also lead to a decrease in total assets, thereby reducing the Book Value Per Share.

Slight Increase in Price-to-Book (P/B) Ratio

Increased from 0.37 in 2017 to 0.42 in 2019.

Consistently below 1, indicating that the market valuation of the company is lower than the value of its assets. This could be due to a variety of factors, such as inefficiencies in operations.

Feedback:

If net income decreases, but not all is paid out as dividends, then retained earnings (an equity account) and assets RISE. it's really important to carefully trace the accounting: from the income statement, to the balance sheet.

BOOK value. "value" implies MARKET value. this is the whole issue here: market v. book value