• Caterpillar average price/book ratio for 2024 was 9.42, a 40.39% decline from 2023.
• Caterpillar average price/book ratio for 2023 was 6.71, a 8.23% increase from 2022.
• Caterpillar average price/book ratio for 2022 was 6.2, a 3.13% increase from 2021.

Price/book ratio can be defined as