• Avantor average price/book ratio for 2024 was 3.02, a 6.34% decline from 2023.
• Avantor average price/book ratio for 2023 was 2.84, a 25.46% increase from 2022.
• Avantor average price/book ratio for 2022 was 3.81, a 39.33% decline from 2021.

Price/book ratio can be defined as