• Deere average price/book ratio for 2024 was 4.71, a 8.01% increase from 2023.
• Deere average price/book ratio for 2023 was 5.12, a 11.42% decline from 2022.
• Deere average price/book ratio for 2022 was 5.78, a 10.39% decline from 2021.

Price/book ratio can be defined as