• Caterpillar average price/book ratio for 2024 was 9.5, a 40.32% decline from 2023.
• Caterpillar average price/book ratio for 2023 was 6.77, a 8.15% increase from 2022.
• Caterpillar average price/book ratio for 2022 was 6.26, a 3.1% increase from 2021.

Price/book ratio can be defined as