• Danaher average price/book ratio for 2024 was 3.66, a 7.33% decline from 2023.
• Danaher average price/book ratio for 2023 was 3.41, a 15.8% increase from 2022.
• Danaher average price/book ratio for 2022 was 4.05, a 12.15% decline from 2021.

Price/book ratio can be defined as