• Badger Meter average price/book ratio for 2023 was 8.49, a 30.62% increase from 2022.
• Badger Meter average price/book ratio for 2022 was 6.5, a 11.56% increase from 2021.
• Badger Meter average price/book ratio for 2021 was 7.35, a 31.96% decline from 2020.

Price/book ratio can be defined as