• Deere average price/book ratio for 2024 was 4.67, a 8.25% increase from 2023.
• Deere average price/book ratio for 2023 was 5.09, a 11.17% decline from 2022.
• Deere average price/book ratio for 2022 was 5.73, a 10.47% decline from 2021.

Price/book ratio can be defined as