• AAON average price/book ratio for 2023 was 7.8, a 27.45% increase from 2022.
• AAON average price/book ratio for 2022 was 6.12, a 30.61% increase from 2021.
• AAON average price/book ratio for 2021 was 8.82, a 0.11% decline from 2020.

Price/book ratio can be defined as