• Donaldson average price/book ratio for 2024 was 5.75, a 1.59% decline from 2023.
• Donaldson average price/book ratio for 2023 was 5.66, a 0.53% increase from 2022.
• Donaldson average price/book ratio for 2022 was 5.63, a 14.18% increase from 2021.

Price/book ratio can be defined as