• Allegion average price/book ratio for 2024 was 7.8, a 6.14% decline from 2023.
• Allegion average price/book ratio for 2023 was 8.31, a 20.71% decline from 2022.
• Allegion average price/book ratio for 2022 was 10.48, a 26.66% decline from 2021.

Price/book ratio can be defined as