• AAON average price/book ratio for 2024 was 10.33, a 32.44% decline from 2023.
• AAON average price/book ratio for 2023 was 7.8, a 27.66% increase from 2022.
• AAON average price/book ratio for 2022 was 6.11, a 30.73% increase from 2021.

Price/book ratio can be defined as