• Carpenter Technology average price/book ratio for 2023 was 2.05, a 68.03% increase from 2022.
• Carpenter Technology average price/book ratio for 2022 was 1.22, a 2.52% increase from 2021.
• Carpenter Technology average price/book ratio for 2021 was 1.19, a 70% increase from 2020.

Price/book ratio can be defined as