• Eaton average price/book ratio for 2023 was 4.43, a 35.06% increase from 2022.
• Eaton average price/book ratio for 2022 was 3.28, a 9.64% increase from 2021.
• Eaton average price/book ratio for 2021 was 3.63, a 48.16% decline from 2020.

Price/book ratio can be defined as