• EMCOR average price/book ratio for 2023 was 4.06, a 37.63% increase from 2022.
• EMCOR average price/book ratio for 2022 was 2.95, a 0% increase from 2021.
• EMCOR average price/book ratio for 2021 was 2.95, a 53.65% decline from 2020.

Price/book ratio can be defined as