• Allegion average price/book ratio for 2024 was 7.78, a 6.04% increase from 2023.
• Allegion average price/book ratio for 2023 was 8.28, a 20.69% decline from 2022.
• Allegion average price/book ratio for 2022 was 10.44, a 26.63% decline from 2021.

Price/book ratio can be defined as