• Caterpillar average price/book ratio for 2024 was 9.46, a 40.36% decline from 2023.
• Caterpillar average price/book ratio for 2023 was 6.74, a 8.01% increase from 2022.
• Caterpillar average price/book ratio for 2022 was 6.24, a 3.11% increase from 2021.

Price/book ratio can be defined as